Maharashtra election, FII flows and 5 more factors to likely impact stock markets this week
Maharashtra election, FII flows, and global market dynamics—are likely to influence market movements.
On Thursday, the Nifty 50 fell 0.11% to 23,532, closing below its 200-day moving average for the first time since April 2023. The BSE Sensex shed 0.14%, ending at 77,580. Markets were closed on Friday for Guru Nanak Jayanti.
1. Maharashtra Election
Investors may remain cautious ahead of the Maharashtra elections due to potential political uncertainties. As Maharashtra is both an economic powerhouse and a major political battleground, the election outcome could influence policy decisions and investor sentiment, particularly in sectors that are directly impacted by government actions.
The Indian stock market will remain closed on Wednesday, November 20, in observance of the Maharashtra Assembly elections. Results for the Maharashtra and Jharkhand Assembly elections are expected to be announced on Saturday, November 23.
2. FIIs Activity
Foreign Portfolio Investors (FPIs) have maintained their bearish stance on Indian markets in November, extending their massive selloff from October. According to NSDL data, they have already pulled out Rs 22,420 crore in the first half of November, following a staggering Rs 1,13,858 crore outflow in October.
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