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- Share Market Week Ahead: Here Are 5 Key Factors That Will Keep Traders Busy Next Week
Mumbai43 minutes ago
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The stock market recorded gains for the second consecutive day on Friday. The major index Sensex has climbed 580 points to 52,925. Similarly, Nifty also closed at 15,860, up 177 points. That is, both the indices recorded a gain of 1.10% in a week.
Investors got the best returns in 5 trading days from IT and Banking stocks. Nifty IT index is up 2.69%. Similarly, the Nifty Bank index has climbed 2.33% to 35,364.
According to market experts, the stock market is trading at the highest level ever. The biggest reason for this is the economic recovery back on track. Because the government is easing the restrictions in lockdown. At the same time, the pace of vaccination is also gaining momentum. However, the third wave of Corona can weaken the market sentiment. In such a situation, investors will be advised to be cautious and take advice in quality stocks.
So let’s know about the 5 big events in the stock market next week…
Corona virus and vaccination: According to the government’s Kovin platform data, the highest number of vaccinations was crossed this week, which stood at about 3.98 crore doses till June 25. Earlier, during April 3-9, 2.47 crore doses were taken. Corona report of 49,823 people came positive in the country on Saturday. During this 57,833 people defeated Corona, but 1258 people died.
Listing of two stocks in the market: The shares of Dodla Dairy and Kims Hospitals will be listed on the exchange on June 28. Both the IPOs were open from 16 to 18 June. Talking about Dodla Dairy, the company launched an IPO to raise Rs 520.17 crore from a public offering and it was subscribed 45.62 times. Similarly, the IPO of Kims Hospitals was full 3.86 times. The company raised Rs 2,144 crore through IPO.
June Auto Sales Figures: Auto sector stocks will remain in focus this week. Because on July 1, auto sales figures will be released in June. Earlier, May figures were disappointing.
Domestic Economic Data: The Nikkei Market Manufacturing Purchasing Managers Index (PMI) data will come on July 1. In this, the data of June PMI will come. It declined to 50.8 in May, from 55.5 in April.
Foreign investor sentiment: Foreign institutional investors (FIIs) sold shares last week. According to depositories data, FIIs sold shares worth Rs 2,685.9 crore. At the same time, domestic institutional investors (DIIs) bought shares worth Rs 4,729.17 crore. According to the data for the month of June, FIIs bought shares worth Rs 3,162.86 crore and DII bought shares worth Rs 2,436.20 crore.