There will be turmoil in the stock market after Diwali due to these 4 reasons, be careful, effect visible on the first day

Mumbai : After gains on the day of Muhurat trading, selling pressure returned to Indian markets as both the indices were seen falling on Monday. The Nifty 50 index opened marginally higher by 11 points or 0.05 per cent at 24,315.75, while the BSE Sensex index closed at 79,713 points, down 10 points or 0.01 per cent. Further decline may be seen in both the indices in early trade.

Experts said a lot of volatility is expected for stock markets globally this week due to various factors, and investors are advised to proceed with caution.

Market expert Ajay Bagga claims

Banking and markets expert Ajay Bagga says four important numbers for this week, as markets prepare for the outcome of the US presidential election on Tuesday, November 5. The second event is the Fed meeting on Wednesday and Thursday, where a rate cut of 25 basis points (0.25 percent) is expected. Third, to boost oil prices, the OPEC+ alliance of oil producers will not increase oil output from previously announced daily levels in view of slowing demand. Fourth, Warren Buffett has meanwhile increased his cash reserves at Berkshire to a record US$325 billion and has cut back on share buybacks for now, signaling to markets that the most successful investor in history has further upside in US markets. is expected to decline. In the event of a heavy week, volatility will be much higher than normal. At such times, waiting on the sidelines is a good strategy.

The condition of these shares is bad

Among sectoral indices on the National Stock Exchange, Nifty IT index declined 0.57 per cent while other indices rose during the early session. Only 9 stocks in the Nifty 50 stock list opened with gains, while the other 41 stocks declined. Mahindra & Mahindra emerged as the top gainer of the day with a gain of 3 per cent, followed by Cipla, Tech Mahindra and HCL Tech.

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The biggest fallers included Sun Pharma, Bajaj Auto, Infosys and Adani Ports. In announcing quarterly results today, Indian Railway Finance Corp, IRCTC, Exide Industries, Raymond, Sundaram Finance, ABB India and others are scheduled to announce their second quarter results for FY2025. In other Asian markets, South Korea's Kospi index was in the lead, rising 1.49 per cent.

Japan's Nikkei was closed on Monday due to cultural holiday, while Hong Kong's Hang Seng closed with a marginal gain of 0.16 per cent. Taiwan Weighted also registered a rise of 0.23 percent.