⬆️ Stock Markets FINALLY Up! - Starting as a volatile initially, the week ended with rise in both the indices! Sensex rose by 0.61 per cent to ~54,885. Likewise, the Nifty50 index rose by 0.48 per cent to ~16,352
⬇️ Crypto Down - Tighter monetary policy has negatively affected the crypto market this week. The global crypto market’s value last week fell more than 2%
-- Expectations from the Coming Week 🤑
-- The March quarter earnings season is here! More than 300 companies will report their results including some prominent ones like Sun Pharmaceutical Industries, Life Insurance Corporation of India, Jubilant Foods, Delhivery, and Dixon Technologies.
-- Three companies will debut on Dalal Street next week – Aether, eMudhra, and Ethos.
-- With global interest rates rising, concerns over domestic economic growth, and higher returns from global bonds, market participants do not expect the selling spree to ease anytime soon.
-- Market participants expect the currency to remain range bound as the Reserve Bank of India will likely continue to provide intermittent support.
-- "A key positive development on the technical charts is the fact that the Nifty closed above the 20 day simple moving average,” said Mazhar Mohammad, founder and chief market strategist at Chartviewindia.in
