Bitcoin (BTC) Performance and Global Market Trends: Key Influencers in Q4FY24 Results and FII Activity

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Indian stock markets have ended the first month of the new financial year on a volatile note, with both record-high levels and unexpected crashes.
Despite this volatility, the Nifty 50 reached a new record high of 22,794.70.
Analysts expect volatility to continue over quarterly results despite the ongoing uptrend in markets.

Indian stock markets have witnessed a volatile start to the new financial year, with the Nifty 50 reaching new highs. However, analysts predict continued volatility due to quarterly results.

Market Volatility Amid Record Highs

The Indian stock markets closed the first month of the new financial year 2024-25 on a volatile note, witnessing both record-high levels and unexpected crashes. Despite this, the Nifty 50 managed to reach a new record high of 22,794.70. Financials, auto, and energy sectors saw gains, but broader indices closed with slight losses.

Analysts Predict Continued Volatility

Analysts expect the volatility to continue, particularly over the release of quarterly results. The ongoing results season will be a key determinant for investors to align their portfolios. They advise traders to consider hedged positions and await clearer signals before making big moves.

Key Triggers for Stock Markets

Several factors will influence the stock markets in the coming week. These include the next batch of Q4 earnings reports, new IPOs and listings, FII activity, global cues, oil prices, corporate actions, and technical views.

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