Market Outlook: How will be the market next week? These factors will be important with June quarter GDP data, Reliance AGM
Market Outlook: These factors will be important for the Indian stock market. On August 31, the GDP figures for the first quarter of the current financial year i.e. April-June are to be presented by the government. Along with this, July's PMI data and fiscal data are also to come. At the same time, the AGM of Reliance Industries is also going to be a very important factor.
Next week is going to be very important for the Indian stock market. With the AGM i.e. Annual General Meeting of Reliance Industries, the country's largest company by market cap, the movement of global markets and many other factors can affect the market movement.
On August 31, the GDP figures for the first quarter of the current financial year i.e. April-June are to be presented by the government. Along with this, July's PMI data and fiscal data are also to come.
Apart from this, the AGM of Reliance Industries is also going to be a very important factor. Reliance's 46th AGM is going to be held on 28 August. If some big announcements are made by RIL in this, then its direct impact will be seen on the market. After the separation of Jio Financial Services Ltd, it is considered very important.
The declining trend in the Indian market has been seen for the last few weeks. This is the biggest fall in the Indian market after April 2022. Last week the market trend was positive for most of the time, but in the last two sessions, it declined and closed in the red.
The Sensex fell 366 points, or 0.56 percent, to 64,866.51 and the Nifty fell 121 points, or 0.62 percent, to 19,265.80 in Friday's session.
Last Sensex closed down 0.10 percent and Nifty down 0.23 percent. However, the BSE Midcap index has seen a gain of 1.50 percent and the Smallcap index has seen a gain of 2.19 percent.
