Maharashtra election, FII flows and 5 more factors to likely impact stock markets this week
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The Indian equity market ended last week with a loss of over 2.5%, weighed down by earnings moderation and persistent foreign outflows. As markets reopen on Monday, a mix of domestic and international events—including the 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 cl...