Which factors will affect the stock market this week???
Investors are scared of the continuing war between russia and Ukraine. Due to the crisis in Europe, there was a huge decline in a week. Market trends have remained unchanged in the domestic equity benchmark index. Analysts believe that the volatility in the market may continue this week as well.
According to the Economic Times report, Religare Broker's Vice President Research Ajit Mishra said that "Banking, as well as the sector/stocks heavily dependent on crude, remains under pressure. While Metal, IT, and select energy stocks are giving some relief to the market." We recommend buying into select stocks and keeping an eye on your leverage position till the market stabilizes."
Russia-Ukraine war
Russia's attack on ukraine is intensifying. There seems to be a scene of ups and downs in the market. Western countries have imposed sanctions on russia, which has dealt a big blow to the global market. The energy market is also being affected due to supply disruption. The price of crude oil has reached $ 120 per barrel.
Dearness
Due to the war, inflation is spreading rapidly. Analysts believe that due to an increase in fuel prices, the government of india may falter instead. Apart from this, wheat, palm oil, and coal can also break the back of the common man in the coming days. Due to this, investors may face a cash crunch.
Election
The results of Uttar Pradesh, Uttarakhand, Goa, Punjab, and Manipur elections will be out on march 10. The eyes of the market are also on these results. If the ruling party is defeated in major states, then it can have a negative impact on the market.
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