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Stock Market: The direction of the stock market will be decided by the global trend, FPI money will affect the market

Stock Market This Week: The direction of the domestic stock markets will be determined this week by the global trend and the flow of foreign portfolio investors (FPIs). Expressing this opinion, analysts said that no big data is to come on the domestic front this week. He said that apart from this, due to the settlement of monthly derivative contracts, the market may also see volatility.

FOMC) meeting details will be released
Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said that the details of the Federal Open Market Committee (FOMC) meeting will be released this week, which will provide further indicators to the market.

The movement of the Indian stock market will depend on the global markets.
Ajit Mishra, research vice-president, Religare Broking Ltd, said that due to no major developments on the domestic front, the direction of the local market will be determined by the global trend, crude oil prices and currency movements. Apart from this, due to the settlement of the derivative contract for the month of November, there can be fluctuations in the market.

How was the condition of the stock market last week?
Last week, the 30-share BSE Sensex lost 131.56 points or 0.21 per cent. On the other hand, the Nifty declined by 42.05 points or 0.22 percent. Some weakness has also been seen in the global markets.

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What is the opinion of financial experts
Pravesh Gaur, Senior Technical Analyst, Swastika Investmart said, “The market traded in a narrow range in the absence of indicators. Now the market will wait for the indicators for direction amid the settlement of derivative contracts. Go up. However, profit booking is being seen in the market broadly. He said that if we talk about the global front, some ups and downs can be seen from the details of the FOMC meeting. Also, the flow of institutional investors will be important. It has decreased in the last few seasons. Vinod Nair, Head of Research, Geojit Financial Services, said that in the absence of any major developments on the domestic front, the market will take direction from the global indicators.

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