Share Market Outlook Sensex Nifty This Week Sell Off Pressure At High Level Us Fed Reserve Rate Decision

By Sudhakar Yadav July 23, 2023 2:57 PM IST

The domestic stock market has been showing a spectacular rally for the last two-three weeks. During this period, both the major indices i.e. BSE Sensex and NSE Nifty created new record highs several times. The same trend continued last week as well. However, profit booking was seen in the domestic market on Friday, the last day of the week. Now the new week is starting from Monday. Let us know how the condition of the market is going to be in the new week… Will the market create new records in the new week or will there be more profit booking…

Market reached here last week

During the last week, the 30-share BSE Sensex gained 623.36 points, or 0.94 per cent, and closed near 66,685 points. On Thursday, July 20, the Sensex achieved its new all-time high of 67,619.17 points. Similarly, the Nifty closed at 19,980 points on July 20, which is its new high level. After reaching very close to 20,000 mark, the Nifty fell by around 235 points on Friday.

America and Japan influence

Looking at the next week, the biggest development is going to happen in America, which will have a big impact on the stock markets of the whole world. The US Central Bank will take an important decision on interest rates during the week starting from Monday. The Federal Reserve will announce its decision on July 26. It is believed that this time also the Federal Reserve can increase the interest rate by 0.25 percent. The Central Bank of Japan is also going to take a decision on interest rates during the week. The decision of the Bank of Japan will be revealed on July 28.

Quarterly results of these companies

On the domestic front, the first quarter results of companies will affect the market. After the market closed on the last day of last week, the result of the largest listed company Reliance Industries came. During the first quarter, the profit of Reliance Industries has decreased by 11 percent. Its effect will be visible in Monday’s trading. During the week, companies like Tata Steel, Tata Motors, Asian Paints, Axis Bank, Bajaj Finance, Bajaj Auto, L&T, BPCL, Tech Mahindra and Nestle are going to announce their June quarter results.

These factors will also have an effect

Talking about other factors, the monsoon session of Parliament can also affect the market. FPIs have remained buyers in the Indian market for three months. FPI’s stance will be affected by the decision of the Federal Reserve. Crude oil and dollar fluctuations can also affect the market to some extent.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. never advises anyone to invest money here.)

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