The market is expected to relieve relief – The market is expected to relieve relieve – business standard

Domestic equity markets may open rapidly on Monday. The domestic stock market may see a boom on Monday after a four -day fight between India and Pakistan has agreed to the ceasefire with the alleged mediation of the US. However this boom can be short -lived. Analysts hope that investors’ focus will return to global signals and local factors, including monsoon information and result announcements. On Friday, the Sensex and Nifty declined by more than 1 per cent. Foreign portfolio investors (FPIs) sold shares worth Rs 3,800 crore amid growing tension between the two countries. Executive Director Amar Ambani in Yes Securities said, ‘If the conflict between the two countries ends, everything will be normal. If we look at the past, it is known that such conflicts have not had a long effect on shares. But this time the situation may be different. Given the fresh conflict, the ups and downs can last for several months. On Friday, the Sensex fell 1.1 per cent or 880 points to 79,454 while the Nifty-50 index fell 1.1 per cent or 266 points to 24,008. Analysts say that if the stress decreases and there are no new clashes, the market can compensate for Friday’s loss. Prior to Friday’s selling, the FPI had invested around Rs 50,000 crore in Indian shares from April 15, which is their longest purchasing (16 consecutive sessions) since June-July 2023. UR Bhat, co-founder of Alphaniti Fintech, said that the incident has shook the foreign investors who have never faced such a war-long landscape in India. He said, ‘The last full war took place in the year 1971. Since then, we have only seen brief clashes. If it had increased further, the markets could have suffered more damage. Now after the tension between the two countries decreases, the stock markets can stabilize or go up around the current levels. Technically, markets can remain in limited range in short term. Devarsh Advocate, Head of Prime Research in HDFC Securities, said, ‘Nifty has faced resistance to 24,545. This level is a 61.8 percent retracement of the decline of 26,277 to the lowest level of April 7 to 21,743 from its highest level. The index shows support around the last high level of 23,870. ‘ First Published – May 11, 2025 | 11:03 pm IST related posts

Source link