The past week proved to be 6 days long for the market. However, the domestic market did not benefit much from Saturday's special trading and suffered huge losses throughout the week. Now only one and a half week of business is left before the budget. Let us know how the new week is going to be for the market…
There will be a holiday in the market on Monday
First of all, let us tell you that the new week is going to be affected by holidays. . The new week is starting with the holidays and also ending with the holidays. The first day of the week is Monday, January 22, but there will be no trading in the market on that day. Many governments have declared a public holiday on January 22 to commemorate the consecration of the Ram temple in Ayodhya. Maharashtra government is also one of them. Due to this, there is going to be a holiday in BSE and NSE on Monday.
Only 3 days of trading in the new week
Earlier, the entire session was traded on Saturday, the last day of the last week. The contracts which were to expire on Monday, have already expired on Saturday. Earlier on Saturday, there was going to be a short session only for emergency site testing, but in view of Monday holiday, the market conducted the entire session on Saturday. The last day of the new week is 26th January, a holiday. In this way, the market is going to be traded only for 3 days.
The market fell so much last week
If we talk about the last week, the 30-share Sensex of BSE is down by 1,144.8 points i.e. 1.57 percent. While Nifty fell by 323 points. In this way, last week proved to be the worst week for the domestic market in almost two months. On the last day of the week i.e. Saturday, January 20, the Sensex strengthened by 237 points and closed at 71,423.65 points. Nifty stood at 21,571.80 points with a gain of 110 points. During the week, the Sensex fell by about 1,600 points on Thursday, which was the biggest one-day fall in one and a half years.
Impact of the quarterly results of companies
See the coming week. So there are many factors which can influence the market. The biggest factor is the quarterly results of the companies. Quarterly results of many big companies including Axis Bank and Bajaj Auto are going to come during the week. One mainboard and 5 SME IPOs are also being launched during the week.
FPIs made record selling
FPIs are again selling. Last week, FPIs sold a record amount of more than Rs 21 thousand crores. The net selling by FPI for the entire month is Rs 16,455 crore. Apart from this, factors like foreign market movement, dollar-rupee trend and crude oil prices can also affect the market during the next week.
Disclaimer: The information provided here is given for information only. Has been. 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. ABPLive.com never advises anyone to invest any money.
Also read: Rs 1 lakh crore business done due to Ram temple, traders across the country will celebrate on Monday
Get more latest business news updates