Presidential elections in the US, pressure on the stock market due to the growing case of Corona

MUMBAI: The stock market will be under pressure this week due to uncertainty over global growth due to both the US presidential election and the Corona. Lockdown has been declared in Europe and England following an increase in cases of Covid-19 infection. Which can hurt investors. In the midst of all this, the 30-share BSE Sensex has fallen 2.63. The National Stock Exchange's Nifty is down 2.41 per cent

The US election and the Corona virus are having an impact on the stock market. Experts believe that the impact will be felt in the coming weeks. Experts say the rise in corona cases in the US and Europe has led to a lockdown on many European economies. Which can have an impact on investors.

Experts believe that companies expect good quarterly results and improved economic data to support the market. During the week, big companies like Punjab National Bank and HDFC will also be guided by quarterly results and vehicle sales figures. Motilal Oswal Financial Services President Siddharth Khemka has made an important point in this regard.

"The US presidential election in the US and the growing case of Corona in Europe will put pressure on the market. This week's US election and the Federal Reserve meeting will determine the direction of global markets," Khemka said. He said investors would also look at US and non-farm payrolls figures and PMI figures from the US, Britain and China.

In this regard, Vinod Nair of Geojit Financial Services said that the market will be under pressure due to political developments in the US. Similarly, other experts have said that the impact of the US election will be felt in the market. Quarterly results of HDFC, Punjab National Bank, Adani Ports, Sunpharma, Lupine, BHIL, Cipla and Union Bank of India are expected this week.