How will the stock market move after ceasefire in India and Pakistan? Sensex fell 1,047 points last week
India and Pakistan Has stopped military action on each other. Both countries have announced ceasefire. It was officially announced by India on Saturday that India had taken this step at the request of Pakistan. However, before the ceasefire, India carried out a major attack on Pakistan and killed hundreds of terrorists with abolition of several terrorist camps. Not only this, India has also destroyed many military bases and runways of Pakistan. Now the Indian stock market will also react next week on this major development. The stock market expert says that apart from ceasefire in India-Pakistan, economic data, fourth quarter results, foreign investors ‘stance and global trends will also affect investors’ sentiments.
Expect good boom in the market
Prashant Tapse, Senior Vice President (Research), Mehta Equality Limited, said that there has been a decrease in the pressure on investors due to a decrease in tension between India and Pakistan, which has been taken by the financial markets as a positive sign. He said that it has been historically seen that whenever such geopolitical tension is reduced, the markets are strengthened and faster. He also added that now everyone’s eyes will be on foreign institutional investors (FIIs), who sold on Friday after making pure purchases for the last two weeks.
These factor will also affect the market
Ajit Mishra, Senior Research Vice Chairman of Railways Broking Limited said that this week will be very important due to many important domestic factors. He said that the eyes of investors will remain on various geopolitical events including the ongoing tension with Pakistan. Also, the Consumer Price Index (CPI), wholesale price index (WPI) and important figures related to foreign trade will also be important for investors on the Economic Front. Mishra further stated that this week Tata Steel, Bharti Airtel, Hero MotoCorp, Tata Motors, Lupine and BHEL are quarterly results, which can affect the market direction.
Foreign investors are confident
Foreign investors have confidence in the country’s stock market and have invested Rs 14,167 crore so far in May. Vinod Nair, Head of Research of Jiojit Investments, said that in April strong foreign institutional investment (FII) and record GST collections have strengthened the trust of investors, which is a sign of the country’s economic stability. However, last week the BSE Sensex closed down 1,047.52 points (1.30%) and NSE Nifty 338.7 points (1.39%).
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