New Delhi: Nifty and Sensex closed lower on Friday, due to foreign investor withdrawals, the decline in corporate income, and the Middle East conflict. This week Nifty 50 fell by about 0.2%, while Sensex fell by 0.4%. Last week also each of these fell by about 4.5%, which is the worst decline since June 2022. Both the indices are 5% below the record high on September 27 and have declined in eight of the last 10 sessions. In such a situation, these five factors can affect the market on Monday.

US Market

The S&P500 and the Dow closed at record highs on Friday, with financial stocks leading the way after banks reported strong quarterly results, while the latest inflation fuelled expectations of a US Federal Reserve rate cut in November. Also on Friday, US Labor Department data showed the producer price index for final demand remained unchanged every month in September.
 

These stocks are likely to rise

Momentum indicator Moving Average Convergence Divergence ( MACD ) gave a bullish signal on stocks like Nippon Life AMC, Valor Estate, Motilal Oswal Financial Services, Olectra Greentech, Mankind Pharma, and Angel One among others. MACD is known to indicate trend reversal in traded securities or indices. When MACD crosses above the signal line, it gives a bullish signal, indicating that the security's price may witness an upward movement.

These stocks will fall

MACD showed bearish signals on stocks like Vedanta, Five-Star Business Finance, Navin Fluorine, Balrampur Chini, Paytm, and 3M India. The MACD indicated a bearish crossover on these stocks.

European Market

European stock markets reversed early declines and closed at their highest in more than a week on Friday, as investors turned their focus to China's stimulus plans, corporate earnings, and an interest rate decision by the European Central Bank. The STOXX 600 index closed up 0.5%, and was on track for a weekly gain of 0.6%. Britain's FTSE 100 rose 0.2%, while Germany's DAX and Spain's IBEX closed up 0.7% and 0.5%, respectively.

IPO

Next week, the primary market will see Hyundai Motor India's biggest-ever offering as the automaker plans to raise over Rs 27,000 crore through its IPO. Apart from this, two other SME IPOs of Lakshya Powertech and Freshera Agro will also open for subscription next week. Besides this, the street will also see three listings including Garuda Construction, which opened last week.