Global trends and quarterly results will determine market movements

22-01-2023

Mumbai, Jan 22 (UNI) The domestic stock market climbed up to 0.59 per cent last week on the back of buying due to fall in inflation and positive trend in foreign markets, along with the global trend, the quarterly results of the companies will play an important role in determining the course of the next week.

Last week, the BSE's thirty-share sensitive index Sensex gained 360.59 points, or 0.59 percent, to 60621.77 points on the weekend and the National Stock Exchange (NSE) Nifty gained 71.05 points, or 0.4 percent, to cross the psychological level of 18 thousand points at 18027.65 points. Reached.

In contrast to the rise of giants in the week under review, BSE's medium and small companies declined. Due to this, Midcap dived 165.78 points to 25005.19 points and Smallcap lost 228.11 points to 28630.19 points on the weekend.

According to analysts, last week the European Central Bank and the US Federal Reserve have indicated to increase interest rates in the next monetary policy review meeting, due to which the market is expected to remain volatile in the next week. Along with this, the continuous selling of foreign institutional investors will also affect the market.

Apart from these, the country's largest passenger car maker Maruti Suzuki India Limited and Tata Motors, as well as Axis Bank, Canara Bank, IDBI, UCO Bank, J&K Bank, Bajaj Auto, CEAT, Dr. Reddy, IGL, along with the country's largest passenger car maker next week. And the results of the third quarter of the current financial year of giants like Bajaj Finance are about to be released. These factors will also play an important role in determining the direction of the market next week.

Last week, the market was up for two days while it was down for three days. On Monday, the Sensex slipped 168.21 points to 60092.97 and the Nifty declined 61.75 points to 17894.85 due to selling domestically in most groups including metals, telecom and energy amid positive cues from the global market. At the same time, amid weak global cues, the Sensex rose 562.75 points to 60655.72 points and the Nifty rose 158.45 points to 18053.30 points on Tuesday on the strength of domestic buying in groups like Telecom, Power, FMCG and Capital Goods.

Similarly, due to positive signals from the global level, as well as domestic buying in groups like metals, industrials, capital goods, the Sensex rose by 390.02 points to cross 61,000 points to 61045.74 points and the Nifty rose 112.05 points to 18165.35 points. But stay

Sensex on Thursday lost ground in 12 groups, including utilities, power, CDs, energy and FMCG, as investors discouraged by a plunge in the global market on fears of a recession looming large on weak US consumer demand data. Falling 187.31 points to 60858.43 points and Nifty down 57.50 points to 18107.85 points. Similarly, on Friday, Sensex fell 236.66 points to 60621.77 points and Nifty fell 80.20 points to 18027.65 points on Friday due to selling in 14 groups including telecom, commodities, FMCG and metals at the local level despite the global market boom.


Last week, the market was up for two days while it was down for three days. On Monday, the Sensex slipped 168.21 points to 60092.97 and the Nifty declined 61.75 points to 17894.85 due to selling domestically in most groups including metals, telecom and energy amid positive cues from the global market. At the same time, amid weak global cues, the Sensex rose 562.75 points to 60655.72 points and the Nifty rose 158.45 points to 18053.30 points on Tuesday on the strength of domestic buying in groups like Telecom, Power, FMCG and Capital Goods.

Similarly, due to positive signals from the global level, as well as domestic buying in groups like metals, industrials, capital goods, the Sensex rose by 390.02 points to cross 61,000 points to 61045.74 points and the Nifty rose 112.05 points to 18165.35 points. But stay

Sensex on Thursday lost ground in 12 groups, including utilities, power, CDs, energy and FMCG, as investors discouraged by a plunge in the global market on fears of a recession looming large on weak US consumer demand data. Falling 187.31 points to 60858.43 points and Nifty down 57.50 points to 18107.85 points. Similarly, on Friday, Sensex fell 236.66 points to 60621.77 points and Nifty fell 80.20 points to 18027.65 points on Friday due to selling in 14 groups including telecom, commodities, FMCG and metals at the local level despite the global market boom.