Share Market Outlook: Will the stock market be hit by a rise or fall? How will the stock market be on Monday?

Share Market Outlook: Last week was very volatile for the Indian stock market due to the US-Iran war in the Middle East and the rise in crude oil prices. Out of total 5 trading sessions of the week, 3 days were in green mark and 2 days were in red mark. Last week the Sensex fell by 194 points. At the same time, a fall of 62 points was seen in Sensex. The war between America and Iran seems to be increasing rapidly. Meanwhile, how will be the start of the Indian stock market in the week starting from Monday? Let us know.

Quarterly results of companies are going to come next week, if quarterly results are better than expected, buying by foreign investors continues and there are positive signals from global markets, then the market may see a rise. At the same time, pressure on the market may increase due to weak corporate results, global uncertainty, rise in crude oil or selling by foreign investors.

SBI Fund IPO will open on July 14

The performance of US markets, signals from the Federal Reserve and changes in bond yields will influence the sentiment of the Indian market. The movement of energy, auto aviation and IT stocks will depend on the prices of Brent crude and the position of the rupee against the dollar. Apart from this, one of the largest asset management companies in India SBI Funds Management The Rs 11,693 crore IPO will open for investors from July 14. In which there will be time till 16th July to bid.

At the same time, anchor investors will get a chance to bid for this IPO on Monday, July 13. The allotment of shares in the IPO will be decided on July 18 and the company’s shares will be listed on the Bombay Stock Exchange and National Stock Exchange on July 21. The face value of one share is Re 1. Its price band will be fixed at Rs 545 to Rs 574.

Also read: Share Market: Foreign investors have returned! Why suddenly invested ₹4,670 crore in the Indian market?

Market condition in the last session of last week

indian stock market A rise was seen on the last day of the week, Friday, July 10. Where both the major market indices Sensex and Nifty opened in the green for trading. At the beginning of trade, BSE Sensex is trading at 77,405.86 with a rise of 664.04 points or 0.87 percent. At the same time, NSE Nifty rose 219.00 points or 0.91 percent to 24,181.80. Out of the top-30 stocks of BSE Sensex pack, 27 are trading in the green. At the same time, the remaining three shares remain in the red with decline.