Stock Market Update: If you have invested money in the stock market, then you know how the market will move next week...? This week, domestic equity investors will keep a close watch on global cues.
Stock Market Update: If you have invested money in the stock market, then you know how the market will move next week...? This week, domestic equity investors will keep a close watch on global cues.
What is the expert's opinion?
Santosh Meena, head of research at Swastika InvestMart Ltd, said poor global cues were a major contributor to the weakness in the Indian equity markets and its impact will continue next week.
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Vinod Nair, head of research at Geojit Financial Services, said the global market is again in the grip of uncertainty following comments by the head of the US Federal Reserve, who indicated the possibility of a longer and faster interest rate hike.
How much has the market fallen?
The 30-share BSE index ended 671.15 points or 1.12 per cent lower at 59,135.13 on Friday amid weak global cues and selling by foreign institutional investors. The Sensex lost 10.1 per cent or 12.673 points during the week ended March 84.