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Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction. On Friday, Sensex jumped 1,961.32 points or 2.54 per cent to settle at 79,117.11 while Nifty soared 557.35 points or 2.39 per cent to 23,907.25. "On the domestic front, the outcomes of the Maharashtra and Jharkhand elections will be crucial triggers. Especially Maharashtra where NDA witnessed a one-sided victory which is likely to boost bullish sentiment further. However, global factors continue to pose significant risks. Escalating tensions between Russia and Ukraine, alongside rising crude oil prices, have added to inflationary concerns," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. A
Delhi's iconic Sarojini Nagar Market along with Malcha Market and Aliganj Market are set for a major transformation as New Delhi Municipal Council (NDMC) unveiled a major revamp plan. The NDMC Vice Chairman Kuljeet Singh Chahal on Tuesday unveiled plans to redevelop three major markets, including the renowned Sarojini Nagar Market, as part of Phase-I of its urban renewal initiative. The announcement was made during a press briefing where Chahal outlined the council's vision to modernise and improve urban spaces in alignment with the Delhi Master Plan 2021. Sarojini Nagar, famous for its budget-friendly fashion finds, will undergo a complete makeover, with plans to convert the currently mixed-use building into a fully commercial hub. The redevelopment will see the ground floor, first floor, second floor, and part of the third floor dedicated to retail and commercial spaces, offering more room for shoppers and boosting the market's revenue potential, Chahal said. "This revamp aims t
The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic data announcements and global trends would also drive the markets, experts said. "The upcoming week is poised to be eventful on the global front. The US presidential election on November 5 is a key focus, and the US FOMC (Federal Open Market Committee) meeting will be crucial. Geopolitical tensions and oil price movements will remain key variables as well," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Domestically, the final phase of Q2 earnings will be critical, while foreign institutional investor (FII) behaviour will remain under close watch, Meena added. "The outlook for the market will be guided by the US presidential election and majo