Stock Market This Week: Investing in the market? Then know which factors determine the movement of the market, read in detail
The results of many big companies are going to be announced this week. The result of Reliance Industries will be announced on Friday. Also, the names of companies like Hindustan Zinc, Tata Coffee, HCL Technology and Tata Communication are included. Analysts say that the market will focus on the results of the companies and the signals from the global markets. The results announced by HDFC Bank and Infosys will also be seen when markets open on Monday.
Investment by foreign institutional investors
Foreign Institutional Investors (FIIs) invested Rs 8,767 crore in the Indian stock market this month. In March, he had invested Rs 7936 crore. But at that time most of the money was invested in Adani Group shares. In the last financial year, these investors had sold heavily in the market. Analysts are of the opinion that these investors will continue to stay in the Indian market this financial year.
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Government banks got target for selling insurance
Public sector banks have been targeted to sell major government insurance schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana in the current financial year. They have also targeted other financial inclusion schemes like Mudra Yojana and Standup India Yojana.
The finance ministry held a meeting with heads of public sector banks and financial institutions. It called for taking forward various financial inclusion schemes including Jan Suraksha and Mudra Yojana. Vivek Joshi, Secretary, Department of Financial Services, asked banks to achieve the target of financial inclusion in a time-bound manner.
