Weekly Stock Market Outlook August 23 to August 29 2021: From investing decisions to knowing about the profit margins, what to expect in stock markets this week?. Have a look at the overall market outlook from August 23 – August 29. #MoneyMatters With Mr. Vikas Jain, Senior Research Analyst, Reliance Securities. Watch Video to find out where to and how to invest in the share market.Also Read - RBI Directs Loan Recovery Agents To Not Intimidate Borrowers, Not Call Them Before 8 am And After 7 pm

Weekly Stock Market Outlook August 23 to August 29 2021: Also Read - Dalal Street Kicks Off Fresh Week On Steady Note

  •  Nifty 50 has jumped to a new level of around 16,700.
  • In case of market internals, a good amount of shares were sold in cross sectors, profit was seen.
  • Unexpectedly, Metal sectors performed well with a level of 8%.
  • IT sectors and FMCG sectors have outperformed.
  • Bank Nifty and auto has underperformed again.
  • A good fall was seen in mid caps and small caps.
  • This week, in concerns with monthly derivatives expiry, market volatility will increase.
  • This week India VIX has also rose to a level of 8%.
  • We could see a few profit bookings in the market this week.
  • In terms of global market, US GDP numbers are expected to arrive this Thursday.
  • If dxy in global markets cross 94, we could see a sudden second wave of sell off, because of which the market may remain pressurized.
  • Bank Nifty is underperforming compared to broader markets.
  • Bank Nifty will be in a close watch as it is witnessing a support area of 33,900 – 34,200.
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