Global Cues And Omicron Cases In India Sensex And Nifty Update Stock Market Today

Stock Market Update: There is continuous ups and downs in the stock market. The movement of the domestic stock market this week will be mainly influenced by the trends of global market and foreign institutional investors and the rate of infection of the new variant of Kovid-19, Omicron. Market experts have expressed this opinion. The BSE Sensex had lost 1,774.93 points or 3.01 per cent during trading last week, while it lost 889 points on Friday.

pressure in global market
According to market experts, there was a lot of pressure in the market last week due to weak global cues and investor sentiment remained weak throughout the week, which was reflected in the Indian markets.

Know what the experts said?
Santosh Meena, Head of Research, Swastik Investmart Limited said, “The trend of the global market, Omicron variants, dollar index and FII will mainly decide the market movement this week.”

Fed Reserve gave these indications
Last week, the US Federal Reserve said it would end bond buying from March, and signaled the start of a lending rate hike thereafter.

The effect of the new variant of Corona will be seen
Ajit Mishra, Vice President, Religare Broking said, “In the absence of any other major event, global cues will decide our market trend. Due to the redesign, the participants are keeping a close watch on the situation of the Kovid epidemic and the related information will continue to create instability in the coming days.

Know what the experts said?
Siddharth Khemka, Head of Retail Research, Broking and Distribution, Motilal Oswal Financial Services Ltd. said, “Negative global cues, continued FII sell-off, absence of any positive cues and rising Omicron cases are expected to continue pressure on the market. .”


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