Based on global signals and quarterly results, there will be a sharp downturn in the market, know how much Sensex will increase

Stock Market: The volatility in the stock market may continue for the next week as well. The direction of the stock market will be decided by the global cues and the second quarter results of the companies. Market experts have given opinion about this. Due to the positive signals coming from the global market, the market is expected to rise.

Know what is the opinion of experts?
Swastika Investmart Ltd. Santosh Meena, head of research, said, “The trend of foreign institutional investors (FIIs) this week and inflation data of US and China will be important from the market point of view. After low trading sessions last week, next week will start afresh. Globally, the indicators are still positive.” Meena said that the market will remain under selling pressure at higher levels.

IIP data will come on November 12
He said that the market will keep an eye on the global macro data. Inflation data for US and China is due on November 10. Similarly, on November 12, the domestic industrial production (IIP) figures will come.

Quarterly results of these companies will come
He said that now the final phase of the second quarter results is going to start in the market. In such a situation, fluctuations can be seen in some particular stocks. The quarterly results of Muthoot Finance, Britannia and Mahindra & Mahindra will come during the week.

Results of BHEL, ONGC will also come
Ajit Mishra, Vice President, Religare Broking said, “This week the participants will be watching inflation based on macroeconomic data IIP and Consumer Price Index.” Quarterly results of BHEL, IGL, ONGC and Tata Steel are also expected during the week.

Last week, BSE’s 30-share Sensex has gained 760.69 points or 1.28 per cent. Yesha Shah, Head of Equity Research, Samco Securities, said, “Inflation figures from the US and China will affect the global markets. Not only this, investors of Dalal-Street will also keep an eye on domestic inflation.

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