The week is going to be very crucial from a technical and domestic way because the investors will closely eye the opening in the ongoing Q2 FY24 results as it has the key domestic and global events. It has been reported that Quarter 2 results, auto sales, PMI data, US Fed Policy, and global cues in the key market have been triggered this week. The Dalal Street has an esteemed that the resolution is necessary to take in because of the conflict between Israel and Hamas in the markets so that it remains buoyant. Now to know about all the details read this article till the end.
As of now after 1 day we are going to step in November 2023, the investors are now all set for the stock market triggers in the first week of next month which also includes the ongoing Q2 results of the current fiscal Q2FY24, domestic and global macroeconomic data, foreign capital inflow, and key decision from the global central banks. According to the source, the domestic equity benchmarks Sensex and Nifty 50 are lower in the last week and have also lost over 2.5%. This drop came after the week ended on 22nd September 2023 as it weighed by the week’s global cues. Scroll down to know more.
Sources have revealed that in the final season which was on 27th October 2023, Friday, blue-chips completely bounced back by 1% and it snapped a total of six days as it closed the streak. It has been given proper support from various healthy corporate results and it has been valued in buying in the financial stocks, financial stocks, IT stocks, energy stocks, and auto stocks. The Nifty 50 went closed at 190 points or 1.01% higher at 19,047.25 whereas, on the other hand, the Sensex officially closed at 63,782.80 up from 635 points or 1.01% on Friday. Continue reading.
As per the reports, the small-caps and Mid outperformed in the benchmarks. It has been said that the Bombay Stock Exchange (BSE) Midcap Index has risen to 1.70% whereas the small-cap index ended with a gain of 1.89% on 27th October 2023, Friday. And the Nifty 50 and Sensex have currently slipped at 3.18% and 3.17% in the past seven days. It has happened the worst decline in the week in one month. Sensex has officially faced a decline of 3,279.92 in the six trading sessions till 26 October 2023, Thursday. In October 2023, the domestic market remained under pressure due to foreign capital outflow. Stay tuned to techballad for more articles like this.