After the ups and downs of the day, the stock market closed slightly lower on Tuesday, the second trading day of the week. The Bombay Stock Exchange’s flagship index Sensex closed 31.12 points, or 0.06 per cent, lower at 50363.96. At the same time, the Nifty on the National Stock Exchange closed 19.05 points or 0.13 percent lower at 14910.45. The BSE 30-share index rose 366.76 points, or 0.7878 percent, in the previous week.
The market will be affected by these factors this week
The US Federal Reserve’s decision on domestic front interest rates and macroeconomic data will set the direction for the Indian stock market this week. Analysts have expressed this opinion. In addition, market participants will keep an eye on how the US central bank fluctuates in bond receipts. Increased perception of bonds in the United States leads to a ‘correction’ in global markets. Analysts say markets have gained some support after the US unemployment rate data fell and the stimulus package was signed. However, there was more pressure on the market to increase the yield on bonds.
The same was true of older stocks
Speaking of large stocks, shares of Asian Paints, Doc Reddy, Hindustan Unilever, HCL Tech and ITC are closed today. Tata Steel, Cipla, ICICI Bank, SBI, and BPCL are closed in the red.
Sectoral indicator tracking
If we look at the sectoral index, today, with the exception of FMCG, IT and Auto, all sectors are closed in red, including PSU Banks, Metals, Finance Services, Private Banks, Realty, Media, Banks and Pharma.
The market was open as it grew
The Sensex stood at 213.34 points (0.42 percent) at 50,608.42 in early trade. At the same time, the Nifty opened 66.60 points or 0.45 percent higher at 14,996.10.
The stock market was closed on Monday on a downward trend
The stock market closed in a downward trend on Monday. The Sensex was down 393 points, or 0.78 per cent, at 50395.08 and the Nifty was down 101.45 points, or 0.67 per cent, at 14929.50.