We’ll talk about exit polls, GDP data, F&O expiry and car sales, among key market triggers. In the last week of November, investors’ eyes will be on a host of stock market drivers, including major domestic and global macroeconomic data and exit polls for state assembly elections. If you are also a trader, you would surely search about it so that you are on the right page, where you can grab valuable details about the news. What happened? What is behind the news? Let’s continue the article.
Investors will be watching for plenty of stock market triggers
According to the report, after the recent rally, the market switched into a narrow range and ended slightly higher, breathing a sigh of relief. The benchmarks did their best to regain strength in the following sessions, but mixed signals from the global front and the disengagement among the heavyweights limited it going forward. The BSE benchmark rose by 175.31 points or 0.26 percent, and the Nifty by 62.9 points or 0.31 percent. More focused on the domestic market, small caps lost about 0.39 percent this week and no longer outperformed blue chips. We will also tell you the details of the news that you will find in the next section of the article.
Based on the report, small- and mid-caps have gained 42 percent and 33 percent so far in 2023, outperforming the 9.33 percent gain in the Nifty 50. The Sensex and Nifty 50 ended unchanged weighed down by declines in tech and stocks details consumer goods dipped in mixed global signs on Friday. The 30-share BSE Sensex ended 47.77 points or 0.07 per cent lower at 65,970.04 on November 2, while the Nifty 50 closed at 19,794.70, down 7.30 points or 0.04 percent. Scroll down the page to find out more information about the news.
Further, apart from the lack of big moves, the Nifty 50 got the board to extend its weekly winning streak, which ended just below the 19,800 mark. Nifty 50 settled around 19,600 levels and has been up in all sessions since November 14, but faced resistance at 19,800-19,900 levels. Vinod Nair, head of research at Geojit Financial Services, said, “The broader market experienced some profit booking as investors focused on the direct market, marked by a spate of IPOs in the week. If we receive further details, we will notify you first on the same site. Stay tuned for more updates.
Categories: Trends
Source: HIS Education