Will the stock market fall on the last day of the week? Condition of foreign market

The Indian stock market closed once again in the red mark on March 18. It was the fifth consecutive day of decline in the market. The benchmark indices BSE Sensex and NSE Nifty lost nearly 1.1%. Investors are worried about rising bond yields and corona cases. The stock market closed down 49,250 while the Nifty closed below 14,600.

The Sensex has lost more than 2000 points in the last 5 sessions. Investors in the market should trade very cautiously.

What is happening in foreign markets?

All markets of Asia are in red markings in the morning. Markets in Japan, South Korea, Taiwan, Hong Kong and Thailand are witnessing a decline.

The US S&P 500 index lost 1.48% in the last trade. The Dow Jones Industrial Average (DJIA) index also weakened by 0.46%.

The SGX Nifty of Singapore is trading at 14,507.00 with a weakness of 0.61% at 7:00 am, giving an early signal to the Indian stock market.

Keep these things in mind in the market too-

On March 18, PPFAS Mutual Fund bought over 2 lakh shares of rating agency ICRA at a rate of ₹ 2780 in a bulk deal. In the block deal, RARE Enterprises transferred 86 lakh shares of Fortis Healthcare to the personal account of promoter Rakesh Jhunjhunwala at the rate of ₹ 184.65.

Foreign Institutional Investors (FII) bought shares worth 1258 crore in the market on 18 March. Domestic Institutional Investors (DII) sold shares worth 1116 crores. Few purchases by FII continue, but the DII market is selling a lot of shares.

The issue of Suryoday Small Finance Bank was subscribed 1.02 times as on 5 pm on the second day. This IPO is available to investors till 19 March.

The IPO of Najara Technologies was subscribed 10.55 times on the second day at 5.12 pm. Retail quota has been subscribed more than 44 times till date.

According to Moneycontrol, there are 14,399.2 and 14,240.6 support levels for the Nifty on March 19, due to which the index may break after going down. Similarly, there are 14,795.8 and 15,033.8 resistance levels, due to which the Nifty can get a further bounce by reaching the top.

These stocks will be watched

GAIL: The company entered into an agreement with the Ranchi Municipal Corporation for a compressed biogas plant in Ranchi.

Godrej Company: The company’s proposed Rs 1500 crore non-convertible debentures issue received an AA rating from ICRA.

Indiabulls Real Estate: Between 12 and 17 March, the company’s promoters sold a 4.4% stake in the company with the help of open market transactions. This sales totaled 7.5% in the last 10 days.

Vaibhav Global: The company’s UK subsidiary acquired LC GmbH, Germany. The company took this decision to speed up its expansion in Germany.

Board / Analyst / Investors Meeting-

Tata Steel, Ramco Cements, NACL Industries, NBCC, Centum Electronics, DCM Shriram, etc. are important in the list of investors, analysts, or board meeting companies in the coming days.