Sensex-Nifty’s move will be decided by the trend of the international market

Mumbai Sensex and Nifty fell over three per cent last week under selling pressure from investors frustrated by fears of slowing of the global economy due to the Fed Reserve’s stance to increase interest rates again to control skyrocketing inflation in the US. The move will be decided by the trend of the international market […]
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Sensex-Nifty’s move will be decided by the trend of the international market


Mumbai Sensex and Nifty fell over three per cent last week under selling pressure from investors frustrated by fears of slowing of the global economy due to the Fed Reserve’s stance to increase interest rates again to control skyrocketing inflation in the US. The move will be decided by the trend of the international market next week.

Last week, BSE’s thirty-share sensitive index Sensex fell by 2041.96 percent to a nearly nine-week low and below the psychological level of 53 thousand points by 52793.62 points and the National Stock Exchange’s (NSE) Nifty fell 629.1 points to 15782.15. .

Like the BSE giants, small and medium companies also rose in the week under review. Midcap fell 1376.95 points to 21815.66 points and Smallcap fell 1776.66 points to 25315.75 points on the weekend.

Santosh Meena, Head of Research, Swastika Investmart Ltd., an investment advisory firm, said, “This is the fifth consecutive week of decline in the domestic stock market. Skyrocketing inflation and monetary tightening across the globe are major concerns for the stock markets. However, the selloff in the US market, especially in technical stocks, is a very serious matter and there has been some stability in the last two trading sessions, which may provide relief to investors.”

He added that there are no major signals for the next week so the global trend will be crucial for the stock market. However, on the domestic front, the listing of Life Insurance Corporation of India (LIC) IPO will be a major factor for the domestic stock market. Foreign Institutional Investors (FIIs) are constantly selling while Domestic Institutional Investors (DIIs) are trying to make up for their sell-offs, so their behavior will also play an important role in the direction of the market. Also the movement of dollar index, crude oil prices and the direction of rupee will be other important factors.