A rise of about one percent was recorded in the domestic stock market during the last week. Before that, profit booking was going on in the domestic market for two consecutive weeks. The domestic market made a comeback during the last week at a time when markets around the world were troubled by turmoil.
The market made such a recovery
The last day of the week was Friday, April 26. There was a big fall in the domestic market on Friday. On Friday, the Sensex closed at 73,730.16 points with a loss of 609.28 points (0.82 percent). Similarly, Nifty fell by 150.40 points (0.67 percent) and stood at 22,419.95 points. However, the market remained profitable for the entire week. On weekly basis, Sensex rose by 641.83 points (0.87 percent) and Nifty rose by 272.95 points (1.23 percent). It had been declining for weeks. Both Sensex and Nifty had created new all-time high levels on April 10. Sensex had crossed the level of 75 thousand for the first time and touched a peak of 75,124.28 points, while Nifty had managed to reach a peak of 22,775.70 points. After that profit booking had become dominant in the market. There was pressure on the market due to increasing tension between Iran and Israel.
Results will come from these companies
If we look at the week starting from Monday 29th April, there will be many factors on the market. is going to have an impact. First of all, the market will be affected by the quarterly results of companies. Many companies are going to release financial results for the March quarter throughout the week. They include names like Dabur, Federal Bank, Adani Enterprises, Adani Ports, Tata Technologies, Titan, Adani Power, UltraTech Cement. During the week, automobile companies are going to release sales figures for the month of April.
Important meeting of the Federal Reserve
If seen globally, the meeting of the US Central Bank Federal Reserve is the most important meeting of the week. It is a big event. The results of the Federal Reserve meeting will be revealed on May 1, the third day of the week. Apart from this, factors like the attitude of foreign portfolio investors, movement of dollar and rupee, crude oil can also affect the market.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.
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