Today, the first day of the week, Monday is the stock market. The BSE Sensex fell 188.76 points to 46,771.93 and the Nifty traded 62.30 points lower at 13,698.25.
According to analysts, there may even be a profit-booking in the domestic market during the week with shorter trading days due to the holiday season.
At Christmas, the stock market and financial markets will close on Friday. Motilal Oswal Financial Services Limited. Siddhartha Khemka, head of retail research, said: “The market may look upward this week, with plenty of money, positive news about vaccine release, and the growing potential of the US stimulus package.” However, the benefit booking cannot be ruled out for the Christmas holiday season starting this week. Market fluctuations are due to the closing of the monthly futures and options division agreement. Vinod Nair of the Geojit Financial Services Research Division said, “The market will focus on global developments this week.” In the coming days, the decision on the stimulus package and the Brexit deal in the US will be seen.
Fear of volatility due to profit booking
Investors will also look at the investment model of Foreign Investment Investors (FPIs). FPI investment is the main reason for the market boom. Sumit Bagadia, executive director of Choice Broking, said: “Investors are looking at Kovid-19 related activities, stimulus packages and Brexit deals.” Bulls seem to be dominating the market at the moment, said Nirali Shah, senior research analyst at Samco Securities. However, profit booking cannot be ruled out. The BSE Standard Index gained 861.68 points or 1.86 points in the previous week.
The top eight companies have a net worth of Rs 1.25 lakh crore
The market capitalization of eight of the country’s top 10 value companies stood at Rs 1,25,229.25 crore last week amid strong market trends. HDFC, TCS and Bajaj Finance were the biggest gainers. The BSE Standard Index Sensex rose by 861.68 points or 1.86 per cent in the previous week. Reliance Industries Limited only. And Hindustan Unilever Limited. Market capitalization fell. The remaining eight companies, including HDFC Bank, have increased their market position, while Infosys has increased. Tata Consultancy Services (TCS) market capitalization rose to Rs 10,74,157.65 crore from Rs 29,700.13 crore last week. Bajaj Finance’s market cap (MCAP) rose to Rs 3,16,481.88 crore from Rs 24,642.81 crore.
HDFC Bank’s market capitalization rose to Rs 7,77,119.60 crore from Rs 15,996.69 crore and Infosys MAP’s Rs 11,376.62 crore to Rs 5,06,777.66 crore. Kotak Mahindra Bank’s market cap rose to Rs 3,85,870.02 crore from Rs 5,622.59 crore, while Bharti Airtel’s MCAP rose to Rs 2,78,560.76 crore from Rs 3,573.39 crore. ICICI Bank’s valuation increased from Rs 1,324.16 crore to Rs 3,56,853.67 crore. In contrast, the market capitalization of Hindustan Unilever declined by Rs 9,868.14 crore to Rs 5,47,846.03 crore and Reliance Industries Encap declined from Rs 8,463.15 crore to Rs 12,68,975.57 crore. Come on. Reliance Industries continues to hold the top position in terms of market position. TCS, HDFC Bank, Hindustan Unilever Limited, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel followed.
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