The stock market is at a new peak, but there is an increased fear of a sharp fall, this week the stock market may move like this

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Despite the rapid spread of the delta variant of Corona globally, the stock market reached a new peak last week on the strength of all-round buying in hopes of a faster pace of economy due to its limited range domestically. The market is expected to rise in the next week as well, but analysts have also feared a sharp decline. Vinod Nair, Head of Research, Geojit Financial Services said, “Positive economic data is indicating economic revival. The market is likely to remain bullish in the long run. However, a decline in the short term cannot be ruled out.

Investors’ eyes will be on the global trend

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Nirali Shah, Head Equity, Samco Securities said, “Q1 financial results of most domestic companies have been better than expected. In the absence of major movements, the global trend will decide the market move. On the domestic front, WPI inflation data will be released on Monday, said Santosh Meena, Head of Research, Swastik Investments. Apart from this, the market will also watch the trend of foreign institutional investors and dollar index. The stock market will remain closed on Thursday on the occasion of Muharram.

The uptrend is also expected to continue

Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services said, “The bullish trend in the stock market is likely to continue. The reason for this is the rapid relaxation of restrictions imposed in various states for the prevention of the Covid-pandemic. The June quarter financial results of most of the companies have come out and have been better than expected. Apart from this, investors will also watch the trend of rupee against dollar and the trend of foreign institutional investors and Brent crude, he said.

Capitalization of top eight companies increased by 1.6 lakh crore

The market capitalization of eight of the country’s 10 most valuable companies increased by a total of Rs 1,60,408.24 crore last week. Tata Consultancy Services and Reliance Industries were the top gainers in terms of market capitalization (mcap) amid a rally in the stock markets. The mcap of TCS rose by Rs 56,133.1 crore to Rs 12,80,574.59 crore in the previous week. The company was the top gainer in terms of mcap. The market position of Reliance Industries increased by Rs 35,310.7 crore to Rs 13,59,652.06 crore. Reliance Industries remained on top in terms of market capitalization. It was followed by TCAS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra Bank, respectively.


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