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Dear investor
Hope You are doing well.
Hope You are doing well.
Indian market Continue to show weak momentum in last week of January, As Investors remained cautious on hawkish Fed, rising crude oil prices, Geopolitical tensions and FII Selling. This was a highly Volatile week, as domestic market followed global reaction of Fed policy Meeting. Last week, BSE Sensex made a record low of 56,409.63.00 but being able to recover and close at 57,200.23 levels. While the Nifty50 made a low of 16,836.80 and close at 17,101.95 levels.
In the coming week, we expect market to decide a trend. Markets are looking towards sustainability of earnings. We expect the macroeconomic situation to continue to improve. With the Union Budget being announced, we can expect sector specific Movements. We believe Investors should avoid aggressive wagers and have their money ready to deploy in the scenario of a deeper panic.
Market Update: 28th January 2022
Sensex: 57,200.23 ▼ 0.13%
Nifty:17,102.00 ▼ 0.05%
As the economy continues to open up we expect consumer discretionary demand for real estate, automobiles, home improvement, travel, etc. to pick up significantly and provide more power to the overall economic recovery. Government finances are largely in good shape with better-than-expected indirect and direct tax collection.
Among sectors, Nifty Information Technology index lost 6 percent, Nifty Realty index declined 5 percent and Nifty Metal index fell 4.4 percent. However, Nifty PSU Bank index added 7 percent.
Foreign Net Outflow during the month of Jan was Rs 52,170crore, whereas domestic net inflow was 29121.90crore.
Last week, the Indian rupee declined 64 paise to finish at 75.03 on January 28 against its January 24 closing of 74.3880.
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