stock market
The Indian stock market ended the trading session on a strong note last week. During this period, a lot of buying was seen in the market. But the war between Iran and America has flared up once again. Attacks continue from both sides. There has been an increase in the prices of crude oil. In such a situation, investors are keeping an eye on the next week, because many big events can decide the direction of the market.
Last week, the Sensex closed at 78,151 points with a gain of about 0.75 percent. At the same time, Nifty 50 also rose by about 0.53 percent and reached 24,334 points. However, some profit-booking was seen after the recent rally in midcap and smallcap stocks, due to which these indices closed with a slight decline.
These factors will have an impact
Next week, the world markets, quarterly results of companies and the situation in the Middle East may have the biggest impact on the Indian market. On Friday, huge selling was seen in technology stocks in the American stock market. Especially there was a sharp decline in the shares of semiconductor companies, due to which the concern of investors increased. If this weakness continues, it may also impact Indian IT and tech stocks.
There will be movement next week
Experts say that America-Iran tension and crude oil prices will be the focus of attention next week. If the situation in the Middle East worsens, crude oil prices may increase. This may impact oil importing countries like India and may increase fluctuations in the stock market. There is going to be a lot of turmoil at the domestic level next week. Between July 20 and 24, many big companies will release their April-June quarter (Q1) results. Experts also say that investors should avoid running after any stock in a hurry. It would be better to invest only in companies with strong fundamentals.
Overall, the direction of the stock market next week will largely depend on global events, crude oil prices and quarterly results of companies. In such a situation, investors are being advised to invest cautiously and thoughtfully.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsh advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
