new Delhi. The Indian stock market ended trading with a sharp increase on the last trading day of last week. Experts say that on Monday the government is going to release GDP figures for the December quarter and before that investors can buy cautiously.
The Sensex closed at 55,858 with a gain of 1,329 points on Friday. Nifty also rose by 410 points to reach 16,658. Investors expect that the new week will also start with good gains on Monday. Experts have also indicated an uptrend in the market. He says that there are many such factors including GDP figures, which will have an impact on the market today.
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Government will release GDP figures
The National Statistical Office (NSO) will release the growth rate data for the October-December quarter on Monday evening. The government had claimed that the growth rate would reach double digits in the third quarter of the current financial year (2021-22). However, in the survey conducted for economists, it is estimated to be around 9.2 percent. It has been said in the survey that due to the Omicron variant of the corona epidemic, the pace of recovery in the economy has slowed down.
Rapid growth in global market
The markets of America and Europe had ended the last week with a boom. America’s major stock exchange NASDAQ saw a strong gain of 1.64 percent. Similarly, the stock exchanges of France, Germany and Britain also saw an increase of more than 3.5 percent. Its effect is also expected to be visible on the Indian stock market today.
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Asian markets open on the rise
Trading on most of the stock exchanges of Asian markets has started with an increase on Monday. Singapore’s exchange is seeing a gain of 0.36 percent and Japan’s Nikkei 0.40 percent. Apart from this, trading is being done with a gain of 0.33 percent in Taiwan’s market and 0.40 percent on the South Korean exchange. Indian investors see a big impact of Asian markets.
If the apathy of foreign investors persists, the confidence of domestic investors remains intact.
The withdrawal of Foreign Institutional Investors (FIIs) from the market continues, while on the other hand the confidence of domestic investors is also intact. Foreign investors sold shares worth Rs 4,470.70 crore during trading on Friday. However, buying of Rs 4,318.24 crore by domestic investors maintained the positive mood of the market. Even today, domestic investors can go ahead and place bets.
Tags: Nifty, Sensex, Share market
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