The stock market may see a decline in the week starting from November 4. This week, investors will keep an eye on the quarterly results of companies, global and domestic economic data and other factors. According to market expert Harshubha Shah, the market may crash in the coming days, so buying should be avoided now. Shah had also advised investors to stay away from the market on the day of Muhurat trading. Last week the market closed 322 points higher. The Sensex was at the level of 79402 on October 25, which came down to 79,724 on November 1. However, the Nifty closed flat. It came down to 24,304 from the level of 24,399. Five factors that can decide the market movement this week 1. Quarterly results of companies: SBI, Tata Motors will release results This week companies like Titan, Dr. Reddy’s, Tata Steel, Power Grid, Apollo Hospital, M&M, Trent, SBI, Tata Motors, Asian Paints and Divi’s Labs will release the results of the July-September quarter. Quarterly results have been affected by weak demand environment and margin pressure. This affected FMCG, metals, auto and realty the most, while IT remained relatively stable. 2. Indian and foreign investors: FIIs sold shares worth ? 14,000 crore Last week, foreign institutional investors (FIIs) sold shares worth about ? 14,000 crore. However, in the same week, domestic institutional investors (DIIs) bought shares worth Rs 10,000 crore. In the month of October, foreign investors sold shares worth a record ? 1.2 lakh crore. However, domestic institutional investors countered this selling pressure by buying about ? 1.07 lakh crore. 3. Global factors: US elections and Federal Reserve meeting Investors’ focus will be on the US presidential election to be held on November 5. There is also a meeting of the US Federal Reserve on November 7. Interest rates can be cut by 0.25% in this. In the last meeting, the interest rate was reduced by 0.50% to 4.75%-5.0%. 4. Technical View: Market may fall to the level of 23,500 According to experts, Nifty is consolidating within the 24,000-24,500 range. Religare Broking’s SVP, Research Ajit Mishra said – If Nifty crosses 24,500, it can go up to the level of 24,800. On the other hand, if it goes below 24,000, the level of 23,500 can be seen in the index. Wealth View Analytics founder Harshub Shah has also predicted a correction in the market. He has advised investors to avoid buying. 5. IPO and Listing: 5 new IPOs, 1 listing will be in the mainboard segment, four new public issues including Swiggy IPO will open next week, while a new issue in the SME segment will open for subscription. On the other hand, shares of Afcons Infrastructure will be listed on November 4. Disclaimer: The views given in this analysis are of individual analysts or broking companies, not of Dainik Bhaskar. We advise investors to consult certified experts before taking any investment decision.
