Share Market review market ki baat , The Indian stock market finally appeared again after 6 weeks. Local positive news that brought enthusiasm among investors. Although there has been no compromise between Trump and Putin in Alaska, the expectations of Russia Ukraine Ceasefire have softened Trump’s attitude. The Indian stock markets may show its effect next week. Know how the market trend will be in the coming week and what to do investors?
How was the Sensex and Nifty move: On the first day of August 11, the Sensex rose 746 points on the first day, while the Nifty rose by 222 points. However, on August 12, the Sensex broke 368 points while the Nifty lost 98 points. On August 13, the stock market once again gained momentum. The Sensex rose by 304 points to 80,540 points and NSE Nifty climbed 132 points to close at 24,619 points.
There was not much ups and downs in the market on 14 August. The Sensex climbed 58 points to close at 80,598 points. The Nifty ranked at 24,631 points with a slight increase of 12 points. The Indian stock market remained closed on the occasion of Independence Day on 15 August. In this way, 6 weeks later, the Sensex rose by 740 points this week while the Nifty was at 268 points.
Market moves fixed from these factors: The boom in global markets also strengthened the Indian stock market this week amidst the capital flow of foreign institutional investors and the inflation being stable in the US. The monetary policy of the Reserve Bank and the rate of wholesale inflation also pushed the stock market in a positive direction. S&P has improved India’s official credit rating after a gap of almost 19 years and ‘BBB’ with a stable approach. Investors looked cautious about the talks Trump and Putin’s talks on the last daytime of the week. This week, 3 days the stock markets closed in green mark and the market remained in red mark for only 1 day.
What do experts say: Market expert Sagar Aggarwal said that even after the meeting of Trump Putin, the situation is not clear. Trump and Jailonsky will also meet on Monday. Overall, there is uncertainty in global markets. However, inflation in the country has come down. Modiji has announced to reduce the GST rate. With the encouragement of jobs, investment in companies is likely to increase. Overall, local factors are indicating positivity in the market, but the international level uproar is not good for the Indian stock market.
What SEBI said on Eldo Trading: Capital market regulator SEBI proposed to decide the definition of ‘Elgo Trading’ on Wednesday as part of the improvement in rules related to share brokers to reduce the burden of compliance. According to this proposal, ‘Elgo Trading’ will mean any share transaction order prepared or released through automated execution system. No definition is yet fixed in the current rules. Under this, such digital or online platforms will come which provide facilities like purchase, sales and investment in other schemes of mutual funds.
Apart from this, SEBI has also proposed to give stock brokers accessible to the compromise-based order matching platform ‘NDS-OM’ for the transaction of government securities. This facility is currently available to banks and primary dealers. SEBI has publicly invited suggestions on this proposal till 3 September.
SEBI strictness in DHFL case: Market regulator SEBI has banned former DHFL chairman and managing director Kapil Wadhawan, former director Dheeraj Wadhawan and four others for five years from the securities market and fined Rs 120 crore. All the banned people are accused of manipulating funds and forgery in accounts. All these people have also been stopped from being appointed to any important post in any listed company.
Disclaimer: This article is only aimed at information. This is not an investment advice. Be sure to consult your financial advisor before any investment.
