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Share Market Opening Today: Today the beginning in the stock market is not looking good. Sensex started trading at 60,685 with a gain of 3 points, while Nifty is trading at 18,782 with a gain of 7 points. Let me tell you, the past week was full of hiccups for the Indian stock market. Due to beating of Adani group companies, strong selling by foreign investors and RBI’s policy, the mood of the stock market continued to deteriorate throughout the week.
Watch Adani’s shares
According to analysts, stock market participants will also be closely watching the developments related to the Adani Group crisis. This matter has remained a major issue for the stock market for almost 20 days. Santosh Meena, Head of Research, Swastika Investments Ltd. said, “Crude oil volatility, dollar index and US bond yields will also be other important factors. Institutional flows will be important as FII selling has moderated after a sustained selloff in January.” ” Foreign institutional investors (FIIs) net sold shares worth Rs 144.73 crore last week.
Inflation figures of India and American will come
In the coming week, the market will be waiting for the inflation data of India and America. In fact, from these figures, the possible stance regarding the increase in the policy rate of the central banks of both the countries can be estimated in the coming time. Retail inflation figures in the US and India are to be announced on Tuesday itself. Last week, the Reserve Bank of India had increased the repo rate by 0.25 per cent citing high core inflation. Now the repo rate has gone up to 6.5 percent.
Small cap companies are attracting
Vinod Nair, head of research, Geojit Financial Services, said the 0.25 per cent increase in the repo rate was in line with market expectations, which was also welcomed by investors. He said that in such volatile times, investors should follow the strategy of buying value. Smallcap companies are looking attractive for the long term due to fall in valuations.
Profit potential in these stocks
In the coming week, the eyes will also be on the quarterly results of Adani Enterprises. Apart from this, Grasim, Eicher Motors and SAIL will also announce their quarterly results. Last week, the BSE Sensex had lost 159.18 points, or 0.26 percent, and the index closed at 60,682.70 points.
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