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Dalal Street Week ahead | 10 key factors that will keep traders busy this week

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3 years ago

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Dalal Street Week ahead | 10 key factors that will keep traders busy this week

The benchmark indices shed around 2.5 percent over the week. The Sensex plunged 1,525 points, or 2.73 percent, to 54,334, and the Nifty50 declined 413 points,. (2.48 percent). Losses were led by auto, banking & financials and consumption stocks.

The coming week is expected to favour bears again, given the elevated volatility unless the Ukraine situation subsides. The election results on March 10 could also influence the market’s direction. Investors will be keeping a careful eye on China’s and the United States’ inflation numbers.

Here are 10 key factors that will keep traders busy next week:

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Ukraine-Russia War:

Russian President Vladimir Putin warned that Ukrainian statehood was in jeopardy. A promised ceasefire in the besieged port city of Mariupol collapsed amid scenes of terror. Ukraine’s President Zelenskyy has asked for weapons from western countries and has sought more sanctions against Moscow.

The United States has asked its citizens to leave Russia immediately over fears of harassment by Russian security officials. Around 1.5 million people have fled Ukraine, triggering the worst refugee crisis of the century. Thousands of Indians, most of them students, have left the war-torn country and are being brought home.

Oil price :

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Worries over rising oil prices raised risks of inflation and worries for corporate earnings. India’s trade deficit could widen as it imports 80-85 percent of its oil requirement.

Global data points :

US and China’s inflation numbers for February will be closely watched by global investors. In January, US inflation hit a 40-year high of 7.5 percent, favouring expectations of more rate hikes in coming quarters.

Relentless Selling Pressure by FIIs :

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Domestic institutional investors offset FII outflow to a great extent. FIIs have sold more than Rs 2 lakh crore worth of shares since October 2021. Experts expect the selling to remain intense and feel the market may get support from DIIs, though the upside is feeling pressure from FIIs.

Economic Data :

Economic and financial data for February will be released on March 3, the Reserve Bank of India (RBI) has said in its latest bulletin. The bank loan and deposit growth for fortnight ended February 25, as well as foreign exchange reserves data for the week ended March 4 will also be published.

Technical View :

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The Nifty has moved closer to its crucial support of 16,130 on March 4. The index has formed a bearish candle, which resembles the Spinning Top pattern. Trend seems to be in favour of the bears with consolidation, says analyst Nagaraj Shetti.

F&O Cues : 

The Nifty50 could see a wider trading range of 15,800 to 16,700 in the coming sessions. Maximum Call open interest was seen at 17,000 strike followed by 16,.700 and 16,800 strikes. The maximum Put open interest saw at 16,300 strike then 16,200 and 15,500 strikes.

The fear index :

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India VIX, the fear index, climbed above the 30-mark again before settling at 27.95 on March 4. Volatility has to fall below the 20-mark for stability and to bring the bulls back on street.

Corporate action: 

Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The views and investment tips expressed by experts are their own and do not necessarily reflect those of the website or its management.

Sharekhan’s research report on NMDC : 

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NMDC has taken cumulative price hikes of 14%/12% or Rs. 700/Rs. 500 per tonne for iron ore lump/fines over Jan-Feb 2022. Domestic iron ore price is at steep discount of 43% to international iron prices.

Complete News Source : MONEYCONTROL

 

 

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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13 hours ago

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January 21, 2025

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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