Share Market: Will the bullish trend continue or will it be hit by a decline? How will the market be on Monday; These factors will decide the move

Share Market Outlook: Next week is going to be very important for the domestic stock market. US Fed policy, US-Iran peace talks and domestic economic data like wholesale inflation and import-export will decide the market movement. The market will have an eye on the US-Iran peace talks next week. According to foreign media reports, both sides are in the final stages of concluding a peace agreement. There may soon be a deal to end the war between America and Iran.

The US Fed meeting is proposed on June 16-17. This meeting is taking place at a time when crude oil prices remain at high levels and there is a danger of inflation increasing. In such a situation, if interest rates are increased in this meeting, it may have a negative impact on the market.

How was the business trend last week?

At the domestic level too, many economic figures will come between June 15-19. by government wholesale inflation figures Will be released on June 15. At the same time, the data of import, export and balance of trade will come on June 16 and the data of foreign exchange reserves will come on June 19. Last week was full of ups and downs for the domestic stock market. During this period, Sensex closed at 75,527.95 with a gain of 1,284.61 points or 1.73 percent and Nifty closed at 23,622.90 with a gain of 256.20 points or 1.10 percent.

There was a rise in Nifty Bank shares

During this period, banking stocks led the market. Nifty Bank was the top gainer among the indices with a gain of 4.25 per cent. After this, Nifty closed in the green with the strength of Financial Services (3.54 percent), Nifty Services (1.97 percent), Nifty FMCG (1.09 percent), Nifty Healthcare (0.92 percent), Nifty Infra (0.59 percent), Nifty Pharma (0.54 percent) and Nifty Auto (0.49 percent). On the other hand, Nifty IT (4.19 per cent), Nifty Metal (2.78 per cent), Nifty Energy (2.73 per cent), Nifty Commodities (2.05 per cent) and Nifty PSE (1.82 per cent) closed with losses.

Also read: Record opening in share marketSensex strengthened by 1000 points, Nifty also jumped by 292 points to 23453.

Market closed in green on Friday

Let us tell you that on the last trading session of the week i.e. Friday, both the major indices of the market Sensex and Nifty Were closed in green mark. BSE Sensex at the end of the market With a rise of 1695.40 points or 2.30% Closed at 75,527.95. Whereas NSE Nifty jumped 461.30 points or 1.99 percent and closed at 23,622.90. Among the top 30 Sensex companies, all 27 companies except HCL Tech, PowerGrid and Tech Mahindra were in the green. Bajaj Finance was the top gainer with a jump of 5.56%.

With agency input-