Share Market: Will the market rise or fall next week? Know what experts are saying

Ronit Kawale
Ronit Kawale - Senior Editor
4 Min Read
Share Market: Will the market rise or fall next week?  Know what experts are saying


New Delhi. There was a rise in the stock market last week. At the same time, according to analysts, decisions of the Reserve Bank of India (RBI) regarding interest rates, macro economic data like auto sales, PMI and global trends will give direction to the market this week. It is expected that the boom in the market in 2023-24 will continue in the future also. Apart from this, business activities of foreign investors, rupee-dollar trend and price of Brent Crude will also affect the trading in the stock market.

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The 30-share BSE Sensex gained 14,659.83 points or 24.85 percent in the financial year 2023-24 ending today. On March 7, it had reached an all-time high of 74,245.17 points. National Stock Exchange's Nifty also strengthened by 4,967.15 points or 28.61 percent.

Also read- There is fear of 'volatility' in the stock market! Here the temperature of Vix rises, on the other side investors become ruined or ruined within minutes.

RBI MPC's decision will have an impact
Pravesh Gaur, Senior Technical Analyst, Swastika Investmart said, “The Monetary Policy Committee (MPC) meeting of RBI will start from April 3. The policy rate will be discussed and the state of the economy will be analyzed in the meeting. Monetary review will be announced on 5 April. Its effect will be visible. Apart from this, with the arrival of auto sales data on April 1, investors will keep an eye on the shares of these companies. Apart from this, people will also keep an eye on the position of the rupee against the dollar and the prices of crude oil. They will also keep an eye on FII and DII investments.

Federal Reserve Chairman Jerome Powell's speech will be under watch
Pravesh Gaur said Federal Reserve Chairman Jerome Powell's speech is scheduled for April 3, 2024 and data like US ISM Manufacturing PMI for March will be announced on April 1. He said that investors will keep a close eye on these things because they have the potential to influence market sentiment.

Mcap of BSE listed companies increased in FY24 3,86,97,099.77 crore
With the rise in the market, the market cap of BSE listed companies increased by Rs 1,28,77,203.77 crore to Rs 3,86,97,099.77 crore in the financial year 2023-24.

These data will decide the direction of the market
Master Capital Services Ltd. Arvinder Singh Nanda, Senior Vice President, said, “The market trend will be determined by key global and domestic economic data. This includes auto sales data in the country, PMI of America and India, job data in America, factory orders etc. The meeting of the Monetary Policy Committee of the Reserve Bank of India will begin on April 3 and the monetary policy review will be announced on April 5. The monetary policy statement will provide important signals on the economy, inflation and interest rates.

Sensex rose 1.12 percent last week
Last week, BSE Sensex rose 819.41 points or 1.12 per cent while National Stock Exchange's Nifty rose 230.15 points or 1.04 per cent.

There may be fluctuations in the stock market
Religare Broking Ltd. Senior Vice President (Technical Research) Ajit Mishra said, “In view of the Monetary Policy Committee meeting, we estimate that there will be volatility in the market this week also.” On the global front, investors will keep an eye on the activities of the US market…

Tags: Nifty, Sensex, Share market, Stock market

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