Omicron’s position will give direction to the stock market, know what will happen in Sensex-Nifty?
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Stock Market Update: The effect of the fast growing Omicron variant around the world is also being seen on the stock market. According to market experts, there may be volatility in the stock markets this week. Yesha Shah, Head of Equity Research, Samco Securities said, “The market will remain volatile due to apprehensions around Omicron and closing of monthly deals.”
volatility will continue
Ajit Mishra, Vice President, Religare Broking Limited said, “The market is eyeing the situation of Kovid and any positive news can give some strength to the market. If this does not happen then volatility in the market will continue.
Sensex up 0.10 per cent
The attitude of foreign investors, the movement of rupee and the price of crude oil will also be important for the market. Let us tell you that the BSE Sensex rose 112.57 points or 0.10 percent last week.
Know expert opinion
Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services Ltd. said, “While the Teli, which came as a relief, may continue for some more time, volatility due to Omicron variants and fragile global cues cannot be ruled out. .”
Know how the closing was on the last day?
The Indian stock market closed with a fall on the last trading day of the week. The Sensex closed with a fall of 191 points at 57,124 points and the Nifty declined by 69 points at 17003 points. Banking sector stocks were beaten in the market. At the same time, there was a decline in small cap and mid cap stocks as well. Apart from this, shares of auto sector, pharma, energy, sector also registered a decline. However, despite this decline, IT stocks have remained bullish.
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