Sensex, Nifty, Bank Nifty prediction: What will happen in the Indian stock market on Monday? 3 reasons tell the scene
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Nifty 50 finished lower for the eight straight week on Thursday.
- ✓Experts said, "The Opening Bell of the Indian stock market will be dominated by these three key factors that has happened over the weekends." Investors now watch if IT stocks and new bank leadership can help markets recover.
Story at a Glance
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- MARKET
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- Market Focus
- India Economy
Sensex, Nifty, Bank Nifty prediction: The Nifty 50 finished lower for the eight straight week on Thursday
Sensex, Nifty, Bank Nifty prediction: Amid continuous selling by the FIIs and weak micro and macro indicators, the key benchmark indices of the Indian stock market are trading lower for the last eight straight sessions. If the Nifty 50 index remains under the bears' grip next week as well, it would end lower for the ninth successive week, after a gap of 25 years. So, all eyes are focused on the Opening Bell when trading resumes on Monday.
According to stock market experts, the Indian stock market is expected to see strong buying in IT stocks following Accenture's better-than-expected results. The market also estimates strong buying in HDFC Bank and Kotak Mahindra Bank shares after the appointment of new MD and CEO at these two private lenders. However, the question that remains unanswered is whether it will be enough to enable the Sensex, Nifty 50, and Bank Nifty to open higher on Monday?
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