We will talk about exit polls, GDP data, F&O maturities and auto sales, among the main market triggers. In the last week of November, investors’ eyes will be on stock market triggers, including key domestic and global macroeconomic data and exit polls from the state assembly elections. If you are also a trader, you will surely be searching about it to be on the right page, where you can get valuable details about the news. What happened? What is the whole story behind the news? We continue the article.
Investors will be watching for a number of stock market triggers
According to the report, after the recent surge, the market entered a tight range and ended slightly higher, taking a breather. The benchmark indices have tried their best to regain strength in the following sessions, but mixed signals from the global front and separation among the heavyweights limited the advance. The BSE benchmark index rose 175.31 points or 0.26 per cent, and the Nifty gained 62.9 points or 0.31 per cent. Small caps, more focused on the domestic market, lost around 0.39 percent this week and no longer outperformed blue chips. We also tell you details about the news, which you will find in the next section of the article.
According to the report, small and midcaps have gained 42 per cent and 33 per cent so far in 2023, outperforming a 9.33 per cent rise in the Nifty 50. Sensex and Nifty 50 ended flat and dragged by a fall. details technology stocks and fast-moving consumer goods in depth of mixed global signals on Friday. The 30-share BSE Sensex ended lower by 47.77 points or 0.07 per cent at 65,970.04 on November 2, while the Nifty 50 closed at 19,794.70, a decrease of 7.30 points or 0.04 percent. Scroll down the page to learn more about the news.
Furthermore, apart from the lack of big moves, the Nifty 50 has seen the direction extend its weekly winning streak, ending just below 19,800. The Nifty 50 has settled around 19,600 levels and has been fixed in all sessions since November 14, but has faced resistance at 19,800-19,900 levels. Vinod Nair, who holds the position of Head of Research at Geojit Financial Services, mentioned, “The broader market has seen some profit booking as investors’ attention shifted to the direct market, indicated by a series of IPOs in week. If we get more details, we will inform you first on the same site. Stay tuned to us for more updates.
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Source: vtt.edu.vn