Share Market Outlook: Will the uptrend or downtrend return, how will the market be on Monday; These factors will decide the move

Share Market Outlook: The next week may be full of ups and downs for the Indian stock market. During this period, factors like US-Iran tension, investors’ inclination towards AI, inflation figures and crude oil price will decide the direction of the market. There is tension between America and Iran. Due to Israel’s continuous bombing of Lebanon, Iran also remains aggressive on American bases in the Middle East. In such a situation, the updates regarding this war next week will determine the movement of the market.

Along with this, the movement of crude oil will also be important for the market. At present, Brent crude was around $ 93 per barrel and WTI crude was at $ 90 per barrel. The market will also keep an eye on the movement of AI stocks in America. In Friday’s session, the US technology index Nasdaq saw a decline of up to 5 percent.

Retail inflation figures on June 12

During this period, shares related to AI theme like Nvidia, Micron Technology and Marvel Technology saw a decline of about 17 percent. Apart from this, retail inflation data will be released by the government on June 12. These figures are directly related to the market, because it gives a clear picture of the overall economy.

How was the market condition on Friday?

The past one week was a loss for the Indian stock market. During this period, Nifty closed at 23,366.70 with a weakness of 181.05 points or 0.77 percent and Sensex closed at 74,243.34 with a fall of 532.40 points or 0.71 percent. During this period, media and consumer durables stocks performed best. Among the indices, Nifty Media closed with gains of 6.69 per cent, Nifty Consumer Durables with gains of 1.49 per cent, Nifty PSU Bank with gains of 1.26 per cent and Nifty Healthcare with gains of 0.11 per cent.

On the other hand, Nifty FMCG closed with a weakness of 2.19 percent, Nifty Commodities 1.86 percent, Nifty Infra 1.83 percent, Nifty Realty 1.74 percent, Nifty Metal 1.63 percent, Nifty PSE 1.44 percent and Nifty Energy 1.30 percent.

Strong signals received from international market

Global markets are witnessing a boom. Tokyo, Shanghai, Seoul, Jakarta and Bangkok were in the green. American stock markets also closed in the green on Thursday. The main index Dow Jones closed in the green with a gain of 0.55 percent and the technology index Nasdaq closed with a gain of 0.09 percent. The reason for the rise in global markets is the indications of easing of tensions from Iran.

Also read: Outcry in the world, spring in India! Indian economy soars amid global recession, GDP growth recorded at 7.7%

foreign institutional investors (FIIs) were net sellers in Thursday’s session as well and sold Rs 1,891.21 crore in the equity market. At the same time, domestic institutional investors (DIIs) made purchases worth Rs 2,492.42 crore.