Will the stock market hit new highs or will investors suffer? Get expert opinion

Stock Market News Updates: In the absence of any major indicators on the domestic front, the direction of the stock markets this week will depend on the global trend. The market will mainly take direction from the activities of foreign investors during the week with less trading sessions. Analysts have expressed this opinion. Apart from this, fluctuations in Brent crude oil prices at the global level and the value of the rupee against the dollar will also be important from the market point of view.

What do the experts say?

Santosh Meena, head of research at Swastik Investsmart Ltd said, “It has been a week of low trading sessions and lack of any major indicators. However, amid discussions regarding the budget, we can see activity in sector-specific stocks. Mainly the market trend will depend on the progress of monsoon and inflow of institutional investors. . Stock markets will be closed on Monday for Bakrid.

Ajit Mishra, Senior Vice President (Research) at Religare Broking Ltd said, “It has been a week with less trading session due to the Monday holiday. During the week, market participants will be keeping an eye on global markets, particularly the US market.

The stock market broke all records last week

The BSE’s 30-share Sensex gained 299.41 points or 0.39 percent last week. At the same time, the National Stock Exchange’s Nifty gained 175.45 points or 0.75 percent. The Sensex touched its all-time high of 77,145.46 points on June 13, while the Nifty touched a fresh high of 23,490.40 points on June 14.

“Domestic markets will remain closed on Monday, while global investors are expected to keep an eye on the Bank of England’s decision on interest rates,” said Siddharth Khemka, head of retail research at Motilal Oswal Financial Services. The market will continue amid expectations of positive macro trends, continued government spending and continuity on the policy front.