The last two weeks have proved to be a loss for the domestic stock market. Barring a few days, the market has suffered losses almost every day during the last two weeks. Now the new week of the market is starting from Monday 30th October. Let us see how the market is going to be in the new week…
Good rise on Friday
First of all, if we talk about the last week, except the last day Friday, every The market remained in loss every day. On Friday, October 27, the Sensex strengthened by 635 points or 1.01 percent and closed at 63,782.80 points. Similarly, Nifty was at 19,047.25 points with a gain of 190 points or 1.01 percent. Before that, the market had been declining for 7 consecutive days.
The market had registered a decline of more than 3 percent in the seven days before Friday. Went. While Sensex was down by 3.18 percent, Nifty saw a decline of 3.17 percent. There was a widespread decline in the market during the week. All sectoral indices were in loss. The biggest loss was in media and metal.
Market fell due to these reasons
Sensex had fallen by about 3,300 points in seven days of loss. During this period, a decline of 6.4 percent was seen in mid-cap and 5.1 percent in small-cap. During the week ending October 20, the Sensex had fallen by more than 800 points. During the past few days, factors like FPI selling, weak second quarter results, record rise in bond yields in America and war in West Asia put pressure on the market.
This fear about the market< /h3>
If we talk about the coming days, many factors together are going to decide the movement of the market. Seven IPOs are being launched in the market during the new week. There is a possibility that the results season of the second quarter will be weak. There is a risk of increasing the scope of the war if Israel launches ground operation against Hamas in Gaza. Apart from these, there is pressure on global markets. Overall, there is a possibility that there will be pressure on the market even during the new week.
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. ABPLive.com never advises anyone to invest any money.
Get more latest business news updates