Share Market Investment: Will the market trend deteriorate next week, will the effect of GST Council decisions be seen, know the A2Z story of the market…
Share Market Investment: There was a huge decline in the stock market last week. After the decision of the US central bank Federal Reserve on Wednesday, there has been a huge fall in the global market including Nifty and Sensex.
In fact, the Fed said in its statement that there is a possibility of interest rates being cut only twice in the next year i.e. 2025. This news increased the tension of investors and after this heavy selling was seen. At the same time, a deep impact of many important factors can be seen on the market next week.
GST Council decision
There may be movement in the shares of insurance companies on Monday, because the GST Council has postponed the decision on reducing tax on life and health insurance premiums on Saturday. The industry says that 18 percent GST on health insurance covers should be reduced to covers of Rs 5 lakh and above.
American market trend
At the same time, there was an improvement in the American stock market, which brought some relief from the worst performance of this week. According to a report, there has been a relative decline in the inflation indicator used by the Federal Reserve, which has led to an improvement in the market.
technical perspective
Talking about the technical point of view, Osho Krishnan, senior analyst at Angel One, said that the National Stock Exchange benchmark Nifty has seen a big fall by breaking important support levels. It felt like a 'bottomless pit'. This is a weak signal.
IPO (Share Market Investment)
This week, less activities will be seen in the IPO market. However, the main IPO of Unimac Aerospace will open and two IPOs of SME sector will also be launched. Apart from this, eight companies are also to be listed, whose public offers were opened last week.
Competition between Rupee and Dollar
Apart from this, on Friday the rupee closed at 85.04 per dollar, which was an improvement of 9 paise. The rupee has strengthened due to softening of the US Dollar Index and expectations of intervention by the Reserve Bank of India. However, due to demand for dollar, the rupee may weaken in the coming time.
Keeping an eye on corporate action (Share Market Investment)
Next week, investors will focus on shares of companies like mining giant Vedanta Limited and government-owned defense sector company Mazagon Dock Shipbuilders. In fact, record dates for corporate actions of these companies are falling next week, which include dividends, bonus shares and stock splits.
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