Market Outlook: Market fell every day last week, investors lost millions of crores, now we are getting these signals!

On Friday Sensex closed at 66,009.15 points and Nifty closed at 19,674.25 points. Last week, selling dominated in every segment of the market. On one hand the market was facing foreign pressure, on the other hand there was selling at high levels. Apart from this, FPIs also remained sellers. Due to this all-round selling, there was a huge decline in the market capitalization of big Sensex companies. During the week, the market value of 8 out of 10 big Sensex stocks decreased by Rs 2.28 lakh crore.

In this way, a record was made. The market was booming

Before that, a spectacular rally was being seen in the domestic market. Before the decline that started last week, the market had registered a rise for 11 consecutive trading days and 3 consecutive weeks. On the basis of this record rally, Sensex and Nifty continuously created new records. Not only did Nifty cross the 20 thousand mark level for the first time, but both Sensex and Nifty also created their new high-level.

This will decide the market movement

From tomorrow. If we talk about the starting week, during this time external signals are going to dominate the market. The Federal Reserve kept the interest rates stable in last week’s meeting, but its stance still remains tough. Due to this, there may be pressure on the global market. The dollar is continuously strengthening and the price of crude oil is also on an upward trend. All these factors together can have an adverse impact on the domestic market.

If we look at the domestic level, the expiry of monthly derivative contracts is during the new week. This can have a big impact on the market movement. 

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