Last week proved to be good for the domestic stock market. During the last week, both the major indices BSE Sensex and NSE Nifty jumped about 1.50 per cent. The new week of the market is starting from Monday 29th May, and the month is going to change during the week itself. Let’s see how the market is going to be in the new week and what factors are going to decide the movement of the market…
Got help from here last week
Before moving forward, know the condition of the past week. Last week, the 30-share Sensex of BSE remained strong by about 775 points and was successful in crossing the psychological level of 62,500 points. The NSE Nifty also crossed the 18,450 mark during the week. Last week, the market got help at the domestic level along with positive global cues. Companies are releasing the results for the March quarter and the current result season is going on as per the estimates. This is helping the market.
Shares of big companies shine
During the last week, there was a widespread rally in the domestic stock markets. Of the 50 stocks included in the Nifty 50 index, 43 gained strength during the week. Among the Nifty 50 companies, Divi’s Lab was the biggest gainer of 13.3 per cent. It was followed by ITC with a gain of 5.7 per cent. Adani Ports jumped 5.6 per cent, while Sun Pharma gained 4.8 per cent and Tech Mahindra 4 per cent. Shares like Wipro, HCL Technologies, SBI Life Insurance and Infosys also gained more than 3 per cent each.
GDP figures will be released
Now let’s talk about the coming week. The new week is going to prove very important in terms of economic data. As the month is changing during the week, we will get to see the figures of Auto Sales Data. All vehicle companies will release their respective sales figures, which will give an idea of the demand situation in the economy. At the same time, on May 31, GDP data is also going to come during the week itself. These figures will have a direct impact on the movement of the stock market.
These figures will also affect
Apart from these, PMI figures for the Service PMI and Manufacturing PMI sector will also be released. They can also affect the movement of the market. Investors will also keep an eye on Institutional inflows during the week as it is believed that some profit-booking is expected in the market when both Foreign Portfolio Investors (FPIs) and Domestic Institutional Investors (DIIs) become net buyers. She goes. Both FPI and DII continue to be net buyers in the market.
Keep an eye on these global factors
Talking about global signals, recession can scare the market a bit. Europe’s largest economy Germany (Germany Recession) has officially become a victim of recession. US Inflation figures have started rising once again in America. At the same time, there is a danger of US Debt Default in front of America, to avoid which intense discussion is going on. Whether the deal is done in time or the world’s largest economy defaults for the first time in history, its impact will be visible on the markets around the world.
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