Market Outlook: 30% growth in this financial year, now how will the market be in the last week?

Market Outlook: 30% growth in this financial year, now how will the market be in the last week?

During the last week, the domestic stock market once again managed to register a rise. Now only a few days of business are left in the market during this financial year. Let us know how the market is going to be in the remaining three days…

Now only 3 days of trading

The current financial year is ending on March 31, 2024. . Before that, only 3 days of business is left in the market. The stock market is closed on Monday 25th March due to Holi. After that there will be normal trading in the market on Tuesday, Wednesday and Thursday. The market is going to be closed on Friday 29th March due to Good Friday. The last two days of the financial year are Saturday and Sunday. After that, the new financial year will start from Monday, April 1, 2024.

This is how the last week of the market was

The current financial year has proved to be great for the domestic stock market so far. In this financial year, both the major domestic indices BSE Sensex and NSE Nifty have strengthened by 30-30 percent. There was a rise in the market during the last week also. In the last week, Sensex strengthened by 0.26 percent and Nifty strengthened by 0.33 percent. Before that, the week ending March 15 was not good for the market. During that week, Nifty fell by 2.09 percent, while Sensex fell by 1.99 percent. Then the market's rally that had been going on for four consecutive weeks was put to rest.

Current level of the stock market

If we talk about the level of the stock market, on Friday, March 22, the Sensex was 190.75 points (0.26 percent) stronger and closed at 72,831.94 points. Nifty had risen 84.80 points (0.39 percent) to 22,096.75 points. In the current financial year, both the indices made new highs several times. The new historical high levels of Sensex and Nifty are 74,245.17 points and 22,526.60 points respectively.

The market is expected to be volatile

The market is expected to be volatile in the last remaining week of the current financial year. Is. The expiry of derivative contracts for the month of March is during the week. This may cause turmoil in the market. 13 new IPOs are being launched during the week, while 2 new shares are going to be listed. The trend of global markets, crude oil prices and fluctuations in dollar-rupee can also have an impact on the market.

Disclaimer: The information provided here is being given for information only. . It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. never advises anyone to invest any money.

Also read: Once upon a time he had borrowed a thousand rupees, now this CEO gave shares worth crores in return

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