Stock Market Outlook: Investors suffered significant losses as a result of last week’s dramatic drop in the stock market. Throughout, the Sensex and Nifty both experienced pressure, wiping away around ₹16 lakh billion from the market. The Nifty plummeted 236 points to 24,654 and the Sensex fell 733 points to settle at 80,426, respectively. The pharmaceutical and IT industries were especially affected.
Pressure on the IT and Pharmaceutical Sectors
The announcement of Accenture layoffs and growing H-1B visa fees hurt investor sentiment, which hurt the IT industry the hardest. Increased tariffs on US medications presented additional difficulties for the pharmaceutical industry, which raised questions about business profits. The market was further pressured by foreign investor selling and a weak rupee.
Outlook for the Coming Week
Investors are now focusing on the new week starting 29 October. Both domestic and global signals will determine market direction. RBI’s monetary policy, including interest rates and central bank stance, will influence investor sentiment. Global economic data from the US and Europe will also impact market trends in the coming week.
Experts Advice for Investors
Experts suggest that investors exercise caution and focus on stocks with strong balance sheets and long-term stable returns. Short-term trading may be highly volatile in the current environment. While last week’s sharp decline affected market sentiment, gradual recovery is expected. Investors are keen to see whether markets regain momentum from 29 October.
Disclaimer: This article is written for informational purposes only. The information provided is based on current market trends and expert opinions. Investors are advised to consult a qualified financial advisor before making any investment decisions.
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