After the majority of the company’s quarterly results are over, this week’s stock market move will be determined by the global trend with the updated report on Kovid-19. Analysts say this. In the last trading week, the Covid-19 cases closed strongly with the trend of decreasing in the standard index. However, the slowing of the vaccination campaign is a cause for concern.
Vinod Nair of the Geojit Financial Services Research Division said, “With the introduction of new vaccines, supply conditions improve. With this, factors such as reducing Covid-19 cases are boosting investor confidence in the market.” Investors increase as the number of companies decreases.
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In the Futures and Options section, the stock market can see fluctuations between the closing of the oxen on Thursday. Religare Broking Limited. “We believe that global trends will guide the market in the near future,” said Vice President (Research) Ajit Mishra. Bank and financial stocks have been floating lately, and buying in other sectors could accelerate revival.
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The 30-share BSE Sensex rose 1,807.93 points, or 3.70 per cent, in the previous week. Reliance Securities Strategic Head Vinod Modi said, “In the near future, investors will announce the daily numbers of Kovid infection and the pace of vaccination campaigns. Brent will also look at the investment trend of institutional investors and the raw price.