Share market review: The Indian stock markets dominated the selling in the third week of July. Uncertainty on Trump Tariff showed a decline in Sensex and Nifty due to Trump’s strictness on BRICS countries. The Nifty fell below the 25,000 level. Know how the market trend will be in the coming week and what to do investors?
How was the Sensex and Nifty move: The local stock market declined in the fourth consecutive trading session on 14 July. When the Sensex broke 247 points, the Nifty was in a loss of 68 points. On July 15, the Sensex gained 317 points due to vehicle, drug stocks, the Nifty also rose by 113 points. On July 16, the BSE Sensex rose to a marginal 64 points in a limited business, while NSE Nifty made a profit of 16 points.
On July 17, the Sensex fell 375 points to 82,259 points while the Nifty also closed at 25,112 points due to a loss of 101 points. On the last day of the week, there was heavy selling in the market. The Sensex fell 502 points to 81,758, NSE Nifty fell 143 points to close at 24,968 points. In this way, the market went red for 3 days in a week and 2 days closed in green mark. On a weekly basis, the Sensex fell 743 points, while the Nifty fell 181 points.
These factors changed market moves: The Indian stock market also appeared on alert mode this week due to the tariff of Trump. He also made profits as soon as he got a chance. With the buying of vehicles and drug shares, the market and drug stocks rose in the market on Tuesday. There was uncertainty about weak trend and duty globally. Investors have taken a cautious stance on bank shares due to Axis Bank’s quarterly results not in line with market expectations. Axis Bank shares recorded the highest decline of 5.24 percent.
SBI shares, bonds will raise 45,000 crores: State Bank of India (SBI) will release shares and bonds to raise up to Rs 45,000 crore. Out of this, an amount of Rs 25,000 crore will be collected through the eligible institutional planning (QIP). SBI’s QIP has opened on Wednesday. SBI will raise up to Rs 20,000 crore by issuing bonds to domestic investors. SBI had earlier raised Rs 15,000 crore through QIP in 2017-18.
SEBI derivatives worried about growing business: Anant Narayan, a full -time member of SEBI, expressed concern over the growing activism in the short -term derivative business in the ’11th Capital Markets Conclave’ organized by the Confederation of Indian Industry (CII). He said that this could have an adverse effect on the stability and structure of the capital market.
Narayan said that a very short -term derivatives, especially the futures contract, have a widespread stake in the derivative business of index options. This imbalance is not clearly good and can result in adverse results. He said that to improve the quality of the market, SEBI is also considering the duration and maturity of derivative products along with comprehension of cash stock market.
Cyber fraud cases increased: Incidents of cyber thugs making stock market investors hunting are continuously increasing. The 66 -year -old retired government employee in Thane district of Maharashtra was cheated by Rs 2.85 crore from him by pretending more profits on shares. The complainant lost all this money in about 2 months. He told the police that some people approached him on mobile phones and described themselves as an investment firm and a representative of a prestigious securities business company. The callers promised more returns to invest Rs 2.85 crore to the complainant which was transferred to several bank accounts.
How will the next week be: The results of many companies including Reliance Industries have been better. The results of many big companies are to come next week. Trump Tariff is coming into effect from 1 August. Earlier, Trump’s rhetoric on tariff will have a direct impact on the market. Globally, market trend will also decide the direction of Sensex and Nifty in the coming week.
What do experts say: Stock market expert Sagar Aggarwal said that the stock market has been declining for the last several days. Trump is not clearing the situation on tariffs. Here, even after the threat of Trump, the Russia Ukraine War has not stopped. Trump is now pressurizing countries like India, China not to buy oil from Russia through NATO. FIIs are selling in the market due to uncertainty. Investors are also under pressure due to the results of companies.
Aggarwal said that the quarterly results of Reliance Industries have been better but this profit was from selling Asian Paints shares. He said that the Nifty move is fixed with 50 shares. The market does not grow until 80 percent of things perform. The performance of more weightage shares also affects the stock market move.
Disclaimer: This article is only aimed at information. This is not an investment advice. Be sure to consult your financial advisor before any investment.
