Sens*x and Nifty Surge: Weekly Comeback!
The past week brought positive momentum to the domestic stock market, witnessing a notable rebound after a correction the previous week. Both major indices, BSE Sensex and NSE Nifty, recorded gains of over 1 percent each during the week, signalling a comeback. On the last day of the week, february 16, the Sensex rose by 376.76 points (0.52 percent), closing at 72,426.64 points.
As the new week unfolds, several factors may influence the market. The launch of two mainboard and three SME IPOs, along with the listing of seven new shares, will be noteworthy. Quarterly results season is slowing down, with most companies having already released their results. Investors will closely monitor Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DII) activities, with FPIs making purchases exceeding Rs 6,000 crore and DIIs making purchases worth Rs 8,700 crore during the past week.
Externally, the minutes of the recent meeting of the Federal Reserve's Open Market Committee in the United States, along with the reopening of many Asian markets, including China, after New Year holidays, may impact the market. Additionally, movements in the dollar, rupee, and crude oil prices are expected to influence stock market dynamics.
It's crucial to note that investing in the market carries inherent risks, and individuals are advised to consult with financial experts before making investment decisions. The information provided here is for informational purposes only and should not be considered as financial advice. ABPLive.com does not provide investment recommendations.
As the new week unfolds, several factors may influence the market. The launch of two mainboard and three SME IPOs, along with the listing of seven new shares, will be noteworthy. Quarterly results season is slowing down, with most companies having already released their results. Investors will closely monitor Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DII) activities, with FPIs making purchases exceeding Rs 6,000 crore and DIIs making purchases worth Rs 8,700 crore during the past week.
Externally, the minutes of the recent meeting of the Federal Reserve's Open Market Committee in the United States, along with the reopening of many Asian markets, including China, after New Year holidays, may impact the market. Additionally, movements in the dollar, rupee, and crude oil prices are expected to influence stock market dynamics.
It's crucial to note that investing in the market carries inherent risks, and individuals are advised to consult with financial experts before making investment decisions. The information provided here is for informational purposes only and should not be considered as financial advice. ABPLive.com does not provide investment recommendations.