In the trading week ending November 21, the Sensex gained 669.14 points or 0.79 percent. Whereas Nifty rose 158.1 points or 0.61 percent. However, on Friday, Sensex closed 400.76 points or 0.47 per cent lower at 85,231.92 and Nifty closed 124 points or 0.47 per cent lower at 26,068.15. The market declined due to weak global trends and low expectations of interest rate cut by the US central bank Federal Reserve in December. Now, let us know on the basis of which factors the market movement will be decided in the new week starting from 24th November…
GDP figures for July-September quarter
According to news agency PTI, Ajit Mishra, Senior Vice President (Research), Religare Broking Limited, says that domestically, the market will keep an eye on big economic data like second quarter GDP figures and industrial production. Globally, investors will keep an eye on the performance of the US market and key economic data there.
attitude of foreign investors
According to stock market data, foreign institutional investors were buyers on Thursday and bought shares worth a net Rs 283.65 crore. On the other hand, domestic institutional investors also bought shares worth Rs 824.46 crore.
movement of rupee
According to Vinod Nair, Research Head, Geojit Financial Services, if the pressure on the rupee continues, then some profit-booking may be seen in the market in the near future. On Friday, November 21, the rupee fell by 98 paise against the American currency and closed at a record low of 89.61 per dollar. Amid selling pressure in local and global stock markets and trade-related uncertainties, the rupee has seen a major decline due to strong demand for the dollar in the domestic foreign exchange market.
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