Share Market Tips: Once again there is a boom in the stock market. Both Sensex and Nifty are open in green mark. At the same time, other indices have also been seen trading in the green mark.
Share Market Update: Business week has started with greenery in the stock market. Sensex and Nifty have given opening on the green mark. Along with this, where the Sensex opened faster than 250 points, while the Nifty started with a jump of more than 80 points. In the Indian stock market today, the Sensex rose by 252.85 points to open at the level of 57823.10. With this, the Nifty opened with a gain of 84.95 points at the level of 17243.20. However, since the opening, there has been ups and downs in the market.
- the decline in
The Sensex has set a high of 57844.27 points in the early trade. Apart from this, a low of 57540.36 has been imposed. On the other hand, Nifty 50 has set a high of 17244.80 and low of 17154.80 at the beginning of the day. At the same time, banking indices have been seen trading in the red mark in the early trade. There has been a decline in PSU and private banks.
- Will keep an eye on these
At the same time, the direction of the stock markets will be decided this week by economic data, quarterly results of companies, the decision of the Reserve Bank on policy interest rates and the stance of foreign funds. Analysts have expressed this opinion. Analysts say that the trend of global markets, rupee volatility and crude oil prices will also affect the market sentiment.
- data will come
Ajit Mishra, Vice President – Research, Religare Broking said, “This week will begin with monthly vehicle sales figures. Apart from this, the eyes of the market participants will also be on the PMI data. The results of the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India will be announced on August 5.
- Focus on FPI too
Apart from this, the activities of Foreign Portfolio Investors (FPIs) will also decide the direction of the market. Apart from this, the monthly figures of vehicle sales and quarterly results of companies will also decide the direction of the market. Last week, BSE’s 30-share Sensex was up by 1,498.02 points or 2.67 per cent. Analysts said bears dominated the market last week amid a positive global trend.