Corona vaccine and economic data will give direction to market, all kinds of trading will be closed today
new Delhi. Today the stock market, future market and forex market will remain closed due to Balipratiprada. Business will be operational from Tuesday. Experts say that in the coming week, the stock market will keep an eye on the updates in the Corona vaccine and the economic data released in the country. Let me tell you that both the Sensex and Nifty 50 are at their highest level during the Muhurat trading of Diwali at present. It will be interesting to see how the stock market moves this week.
The vaccine will be on watch
Investors are buoyed by the progress towards the vaccine to curb the outbreak of the Corona epidemic that is wreaking havoc all over the world, and to relieve people from it, so the domestic stock market, including the global market, is witnessing a strong boom. Bombay Stock Exchange The Sensex, a major sensitive index based on 30 stocks of the Bombay Stock Exchange (BSE), has risen by over 4,000 points in the first fortnight of November this month. At the same time, the National Stock Exchange (NSE) Nifty, a major sensitive index based on 50 stocks, has gained over 1,100 points in the last two weeks.
Economic data will be released
The stock market of the country will remain closed on Monday due to the holiday of Balipratipada at the beginning of this trading week, while regular trading on BSE and NSE will start from next day on Tuesday. Earlier on Monday, the Wholesale Price Index (WPI) -based wholesale inflation data for October will be released, which may have an impact on the market the next day.
Dollar index will affect
Market experts say that the market will also be looking at the foreign investors’ tendency to invest in India as FPI Inflow has increased strongly in this month, which has given support to the domestic market. According to experts, the strength of the dollar against the world’s six major currencies ***** weakness in the dollar index has led to the interest of foreign investors towards an emerging economy like India.
Data on China and Japan will be monitored
Investors will also be watching the key economic data released abroad during the week. October figures for industrial production will be released in China on Monday. At the same time, in Japan, industrial production data for September will be released on the same day.