New Delhi. There is a possibility of a decline in the stock market this week. This week investors will be looking at the quarterly results of companies, global and domestic economic data, and many other factors. Market expert Harshub Shah said that the chances of a decline in the market are increasing, so investors should avoid buying. He also advised investors to stay away from the market on the day of Muhurat trading.

Last week, the stock market rose by 322 points. The Sensex was at 79,402 on October 25, which reached 79,724 on November 1. However, the Nifty remained stable, falling from 24,399 to 24,304.

Five major factors that can decide the market direction this week

Quarterly results of companies
will be released by big names like SBI, and Tata Motors. These quarterly results may be affected by weak demand and margin pressure, especially in the FMCG, metal, auto, and real estate sectors.

Foreign and domestic investors
FIIs sold shares worth about ₹ 14,000 crore last week. However, domestic institutional investors bought shares worth ₹ 10,000 crore. In October, foreign investors sold a record ₹ 1.2 lakh crore, while domestic investors bought ₹ 1.07 lakh crore.

Global factors
will be monitored on the US presidential election on November 5 and the Federal Reserve meeting on November 7. Interest rates may be cut by 0.25%.

Technical Outlook
Experts believe that Nifty is moving in the range of 24,000-24,500. If it crosses 24,500, it can reach the level of 24,800. But if it goes below 24,000, it can reach the level of 23,500.

IPO and Listing
Four new public issues, including Swiggy's IPO, will open next week, and Afcons Infrastructure shares will be listed on November 4. People will also keep an eye on these IPOs. In the recent past, the market has outright rejected IPOs with haphazard valuations. In such a situation, it will be interesting to see what kind of response these IPOs get from investors.