Market Next Week: Monday is going to be very important for the domestic stock market. At the beginning of the week, the market felt two big shocks. The Nifty closed below the significant level of 22800 on Friday. There is already a concern in the market that after closing below this level, new areas of decline in the market can open. It will be tested on Monday.
The second shock may come from the US markets. On Friday, the US markets saw a sharp decline and the Dow saw the biggest decline of this year. In fact, US economic figures have increased the possibility of recession in the economy and there are also concerns about inflation. If some positive signs do not appear until the local market opens, the pressure on Monday will increase significantly.
American market
On Friday, Dow Jones closed down 749 points or 1.69 percent to close at 43,428. Friday’s decline was the biggest decline ever this year. The index has fallen 1200 points in two days. While the S&P 500 index has fallen by 1.71 percent. While Nasdaq fell by 2.2 percent.
Many people have expressed apprehension that pressure on the economy may increase and inflation may also increase. Michigan University’s Consumer Affairs Index fell to 64.7 in February. This shows that the possibility of increasing inflation due to tariff war is affecting the consumer spirit, which may affect demand. Along with this, PMI figures of home sales figures and services have also declined. All these things have increased concerns about the economy.
According to experts monitoring the market, the last hour saw a decline in the market. In fact, traders believed that it was better to get out of the market rather than being in the market, as they feared that the Trump administration could make announcements in the weekend, which could indicate a increase in tariff war. This led to a sharp decline in the market.
