There can be a boom in the stock market this week as well. Last week, the Sensex closed at 64718 with a gain of 803 points. At the same time, Nifty also closed at 19189 points with a gain of 2016 points. According to market experts, this week, along with the global market, some domestic changes can also be seen in the market. Know which factors will affect the market?
1- Effect of HDFC merger
The effect of the merger of HDFC-HDFC Bank from July 1, 2023 can be seen on the stock market. The course of the market will be decided in the coming week. Let us tell you that Housing Development Finance Company (HDFC) has merged with HDFC Bank.
2- Possibility of increasing the policy rate in America
From March 2022, the US Fed Reserve was continuously increasing the policy rate. However, the Federal Reserve kept the policy rate unchanged in June. Currently the policy rate in America is 5.00-5.25%. At the same time, Fed Reserve’s Jerome Powell has given such indications that the rate can be increased 2 times this year.
3- Increase in FII and DII
The biggest reason for the rise in the stock market in the last few sessions is the increase in foreign institutional investment. Foreign investment of more than Rs 27,000 crore has come in the months of May and June. At the same time, domestic investors have invested 4400 crores in June. Whereas in May the domestic institutional investment was Rs 3300 crore.
4- Crude oil prices
Crude oil prices have a direct impact on the stock market. Crude has been trading around $70-80 per barrel for the last few days. This is a positive sign for the Indian market.
5- Upcoming IPO
Between July 3 and 7, 2 IPOs are going to come in the stock market. The issue of Senco Gold is opening on 4th July. The company is going to raise Rs 405 crore from this IPO. Its price band has been fixed at Rs 301-317. The issue will remain open till July 6. Apart from this, the IPO of Alphalogic Industries is also coming. This IPO will be open from 3 to 6 July. Its price is 96 rupees.
