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RBI MPC meeting and auto sales data will decide market direction

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new Delhi. Investors’ trend was more or less positive last week, leading to a weekly rise in the domestic stock market. Investors will monitor the results of the RBI meeting, vehicle sales data, daily cases of Corona virus Kovid-19 infection and Corona vaccine news before investing in the market next week.

Also read: Record investment of foreign investors in the stock market, figures came as a surprise

Investors will keep an eye on these things
According to market analysts, the trend of foreign institutional investors, crude oil prices, rupee move and the economic data released on Friday will also have an impact on the stock market. Trading on the stock market will be closed on the occasion of Gurunanak Jayanti on Monday next week, so normal trading is to begin in the market from Tuesday. A three-day meeting of the RBI’s Monetary Policy Committee is scheduled to take place next week, which will come out on December 4. The next week, from November 30 to December 1, will be the meeting of OPEC, an organization of oil exporting countries, which will have an impact on the stock market.

Also read: Price drop is not a sign of slowdown in gold, then got golden opportunity to invest

It was like last week
The stock market recorded a weekly gain last week and during this period, the BSE Sensex rose by 267.47 points, or 0.61 percent, to 44,149.72 points and the National Stock Exchange’s Nifty jumped 109.90 points or 0.85 percent to 12,968.95 points. The medium and small companies benefited more than the giants during the period under review. Investors invested heavily in small and medium companies throughout the week, which led to the BSE midcap rising 478.15 points or 2.91 per cent to 16,914.65 points. The smallcap also gained 692.60 points, or 4.28 percent, to 16,875.15 points.

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