The stock market without getting off the ride – Stock Market Analysis

The boom of the Indian stock market is like a child who does not want to get off the ride no matter what anyone says. Sensex and Nifty, which reached overbought levels after passing through the green signal for eight days in a row, were in the red last Friday, but on a week-to-date basis, they are up about 1 percent. Most global markets, including the US and Europe, ended the week with slight gains. This week, the announcement of interest rates in three countries including India, the Gujarat election result, the Covid situation in China, and the consequences of the price controls imposed by the G7 countries on Russian crude oil are lined up with many events that can influence the market.