Indian stock market There may be further decline in. This estimate has been made by the market expert. Experts say that the move of the divine stock market in Saptaha starting on Monday will be decided by developments related to fees, global stance and business activities of foreign investors. In the coming days, the concerns of trade fee and withdrawal of foreign funds can be weak. Jijit Financial Services Research Head Vinod Nair said, “Investors’ eye fees and unemployment claims will be on important events.” Market situation is expected to be weak in the near future. However, the situation is expected to improve the situation after improving the results of companies in the first quarter of the next financial year and uncertain on the global trade front.
16 percent below Nifty record high
The National Stock Exchange’s Nifty was broken 1,383.7 points or 5.88 percent in February alone. At the same time, the 30 -share Sensex of BSE has come down 4,302.47 points or 5.55 percent. On September 27 last year, the Sensex reached its top level of 85,978.25. Since then the Sensex has come down 12,780.15 points or 14.86 percent. Similarly, the Nifty has lost 4,152.65 points or 15.80 percent from its all -time high -level 26,277.35 points of September 27, 2024. Last week, the 30 -share Sensex of BSE came down 2,112.96 points or 2.80 percent. At the same time, the Nifty of the National Stock Exchange is 671.2 points or 2.94 percent.
These figures will also be monitored
HSBC manufacturer and service PMI figures will come on the large economic front during the week, which will be an eye on investors. Motilal Oswal Financial Services Limited head-abuse, property management head Siddharth Khemka said, “We believe that the market will trade with a weak trend due to weak global trend and lack of indicators on the domestic front.” The Indian economy increased at a rate of 6.2 percent in the December quarter. It is recovering from the lower level of seven quarters on a gradual basis. However, the December quarter growth rate has been lower than the same quarter of the previous financial year. This figure of economic growth rate has come at a time when America’s fee remains a war challenge. According to data released by the Ministry of Statistics on Friday, the growth rate of GDP (GDP) in the October-December quarter was 6.2 percent. This exceeds the revised figure of 5.6 percent of the July-September quarter. However, this is less than the Reserve Bank of India (RBI )’s estimate of 6.8 percent.
Market is struggling with trade war
Ajit Mishra, Senior Vice President (Research), Railways Broking Limited, said, uncertainty is often more important than real developments, and the market is currently struggling with the concern of potential trade war. Apart from this, the pressure of foreign institutional investors (FIIs) is continuously increasing. ”The total Goods and Services Tax (GST) collection in February has increased by 9.1 percent to about Rs 1.84 lakh crore, which has increased from domestic consumption and is a sign of possible economic revival. According to the official data released on Saturday, on a gross basis, the collection of Rs 35,204 crore from the central GST, Rs 43,704 crore from the state GST, Rs 90,870 crore from the integrated GST and Rs 13,868 crore from compensation cess.
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