These factors will decide the direction of the market this week
Events such as the India-China border tension and macroeconomic data will decide the direction of the stock markets this week. Apart from this, investors will also keep an eye on global indicators. Analysts have expressed this opinion. Uncertainty about the recovery in the economy, rising cases of Kovid-19 and India-China tensions are impacting the market sentiment. Several smallcap companies are announcing their quarterly results. This may cause share-based activities in the market. Analysts said the US central bank's decision on interest rates and inflation data could provide some direction to the market. The figures for both retail and wholesale inflation will be released on Monday.
State of heavy stock
Talking about the big stocks, shares of HDFC Bank, Axis Bank, SBI, ONGC and NTPC opened on the green mark today. On the other hand, shares of BPCL, Adani Ports, JSW Steel, Adani Ports and Ultratech Cement opened on the red mark.
Monitoring of sectoral index
If we look at the sectoral index, then all sectors started on the green mark today. These include realty, metal, auto, FMCG, PSU banks, pharma, IT, media, finance services, banks and private banks.
This was the condition of the stock market during the pre open
The Sensex was up 218.96 points, or 0.56 per cent, at 39073.51 levels during the pre-open at 9.10 am. At the same time, the Nifty was up 15.20 points i.e. 0.13 percent at 11464.45 level.
The market was closed on the last trading day
The domestic market had closed marginally higher on the previous trading day. The Sensex gained 0.04 per cent to close at the level of 38854.55, up 14.23 points, and the Nifty gained 0.13 per cent (15.20 points) to end at 11464.45.
Market was opened on red mark on Friday
The stock market started on a downtrend on Friday. The Sensex opened at 38764.86, down 75.46 points, or 0.19 percent. At the same time, the Nifty opened at a level of 11437.15, with a slight decline of 0.11 per cent or 12.10 points.