Share Market next week : Big ups and downs can be seen in the Indian stock market next week. Actually, there is a possibility of volatility in the market due to monthly expiry next week. However, in the midst of all this, there will also be good news for investors. Amidst all the ups and downs in the market, there will not be a big fall.
The market will only go up. That means the market will continue to be bullish. Pravesh Gaur, Senior Technical Analyst, Swastika Investmart, said that there is a high possibility that the market will go up further.
However, there is widespread profit booking in the market. Talking about the global front, he said that some ups and downs can be seen from the details of the FOMC meeting. Also, the flow of institutional investors will be important. It has come down in the last few seasons.
The movement of the market will also depend on the attitude of foreign investors.
The direction of local stock markets will be determined this week by the global trend and foreign portfolio investors (FPI) flows. Expressing this opinion, analysts said that no big data is to come on the domestic front this week. He said that apart from this, due to the settlement of monthly derivative contracts (monthly expiry), the market may also see volatility. Siddhartha Khemka, head of retail research at Motilal Oswal Financial Services, said that the minutes of the Federal Open Market Committee (FOMC) meeting will be released this week, which will give the market further indicators.
No major developments at domestic level
Ajit Mishra, Vice President – Research, Religare Broking Ltd. said that in the absence of any major developments on the domestic front, the direction of the local market will be determined by the global trend, crude oil prices and currency movements. Apart from this, due to the settlement of derivative contracts for the month of November, the market may also see volatility.
The 30-share BSE Sensex ended the week with a loss of 131.56 points or 0.21 per cent. At the same time, the Nifty declined by 42.05 points or 0.22 percent. There was some weakness in the global markets as well. Vinod Nair, Head of Research, Geojit Financial Services, said that in the absence of any major developments on the domestic front, the market will take direction from the global indicators.