Highlights
- IndusInd Bank was the biggest loser on the Sensex on Friday
- Only 4 stocks Dr. Reddy’s, Nestle India, Asian Paints, TCS rose
- Sensex and Nifty both fell about four percent last week
The BSE Sensex closed at 57,107.15, down 1,687.94 points on Friday. The same National Stock Exchange’s Nifty (NSE Nifty) fell 509.80 points and closed at 17,026.45. The domestic market declined with selling in global markets amid concerns over the new strain of the Covid-19 virus. The currency markets were also affected due to the news related to the new variants of Covid.
Analysts say that the direction of the stock markets will be decided this week by news related to the new variant (variant) of the corona virus, inflation data and the policies of the central bank RBI. Apart from this, the trend of foreign institutional investors and the macro data will decide the direction of the market this week. PMI figures for the manufacturing and services sector are also due this week.
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Which stocks can see a rise today
On Monday, the first day of the week, the shares of Jaiprakash Power Venture, Indiabulls Housing Finance, Cipla, Aditya Birla Capital and Aurobindo Pharma may see a rise. On the other hand, Indus Towers, Chalet Hotels, Pricol, Tilak Nagar Industries and Embassy REIT may see a fall.
After Airtel, Voda Idea, Jio also increased the tariff, the new rate will be applicable from December 1
What are the indications for buying and selling
Today the shares of Tata Tele, Brightcom Group, Trident, Escorts, BEML and SCI can see bumper buying. The reason for this is that in the last trade, these stocks had gone up to a 52-week high. On the other hand, the shares of Shyam Metallics, Bombay Burmah and JM Financial may bear the selling pressure as these stocks hit 52-week lows in the previous trade.
Big drop of 1170 points in Sensex, due to which the market crashed
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