If these fall, the stock market is sure to fall

October 18, 2023, the Indian stock market closed lower, with the Sensex and Nifty indices falling by 0.7% each. This was the third consecutive day of losses for the market.

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The attack on Gaza has caused huge repercussions. As casualties continue to emerge, it is certain that this war will not stop within that area.

US President Joe Biden's visit to Israel has also given rise to various speculations and fears. In the midst of this, our stock markets wobbled in a directionless mess and eventually ended in losses. Traders were keen to cash in on the gains made till date.

In addition to this, there are other problems in our country. Banks and financial institutions pulled back our stock markets. Bajaj's two biggest companies, in particular, did not generate the expected profits. Along with that, Reliance also joined. HDFC and bank stocks also fell. If these fall, the stock market is sure to fall

In the second six months of the current fiscal, borrowing costs for state governments and union territories will rise significantly, ratings agency IGRA has said, leaving traders reeling.

2022, iron ore demand in India to grow at 9.30 percent and 8.60 percent in 2023; 7.70 percent growth in 2024, the World Economic Forum report has left traders pondering.

As the markets closed in the evening, all sector stocks were losers, except for the autos and pharmaceuticals sectors.

Banking and IT stocks saw some gains while heavyweights like HDFC, ICICI Bank and Reliance Industries fell.

The market is in a cautious mood as investors await higher corporate earnings results and the RBI's monetary policy meeting next week.

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