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How will the movement of the stock market moving towards record highs be decided, read the opinion of experts

Highlights

The Sensex crossed the 60,000 mark last week.
There is a broad buying trend in the market right now.
FPIs have poured Rs 5,600 crore into the Indian stock markets so far this month.

Mumbai. In the Indian stock market moving towards record high, the Sensex crossed the 60,000 mark last week. In the coming trading sessions from September 12 to 16 next week, sharp remarks by the US Fed, a 75 basis points hike in the interest rate by the European Central Bank (ECB) will play a significant role in influencing markets globally, including the domestic equity market. can. Economic data on inflation, manufacturing and industrial output can also influence the market sentiment.

Last week, the 30-share Sensex of BSE was up by 989.81 points or 1.68 percent. On the other hand, the Nifty of the National Stock Exchange rose 293.90 points to 1.67 percent. Ajit Mishra, Vice President Research, Religare Broking believes that the bullish trend will continue in the markets for now. He said that there is a broad buying trend in the market right now.

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Important economic data this week
Vinod Nair, Head of Research, Geojit Financial Services, said, “The direction of the market this week will decide some important economic data apart from the trend of the global markets. Apart from inflation, data on manufacturing and industrial production are to come during the week.” Apart from this, foreign fund inflows and volatility of rupee against dollar will also be important from the market point of view.

Waiting for US inflation data
Apoorva Seth of Samco Securities said, “Global markets are eagerly awaiting the US inflation data. All eyes will be on these figures, because only on the basis of this it will be known what the future trend of the Federal Reserve is. And the rupee’s trend against the dollar will affect the market sentiment.

Also read- Foreign investors continue to buy, so far in September put Rs 5,600 crore in Indian stock markets


Foreign investors continue to buy

Foreign portfolio investors (FPIs) have infused around Rs 5,600 crore into the Indian stock markets so far this month. It is clear that there has been a change in the attitude of FPIs regarding the Indian markets. FPIs are increasingly attracted to the Indian markets due to expectations of higher consumer spending during the festive season and a firmer base than other emerging markets. Earlier in August, foreign investors had invested Rs 51,200 crore in Indian stocks and about Rs 5,000 crore in July.

Tags: BSE Sensex, Nifty, Share market, Stock Markets, Stocks

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