By Admin 
Stock Market Prediction for 22nd September: The Indian stock market is expected to stir on Monday. Actually, another new decree of US President Donald Trump has come. Under this, it has been said to increase the fee charged on the H1B visa annually to $ 100,000. Its effect can be seen in the week starting from 22 September. Earlier on Friday, September 19, the stock market closed down. This decline was recorded due to profit booking in HDFC and ICICI Bank shares. Due to this, the Nifty fell 96.55 points or 0.38 percent to 25,327.05. During this period, around 1992 shares saw a rise and 1961 shares declined. However, there was no change in 163 shares.
The market closed on Friday
Talking about the sectoral index, the Nifty Bank Index fell at 55,458.85 with a decline of 268.60 or 0.48 %. However, the Nifty PSU Bank rose by 1.28 percent. Nifty IT, Nifty FMCG and Nifty Auto all recorded a decline of up to 0.50 percent. BSE Nifty Midcap 100 and Nifty Smallcap 100 flat closed.
According to exchange data, foreign institutional investors (FIIs) on Friday bought shares worth Rs 390.70 crore, while domestic institutional investors (DIIs) bought shares worth Rs 2,105.22 crore. Looking at the weekly basis, the Nifty gained a gain of 257.85 points or 1.02 percent. Similarly, the BSE Sensex climbed 867.49 points or 1.06 percent.
GST improvement will increase purchases in these sectors
According to the ET report, Vinod Nair, the research head of Geojit Investments, said that the Indian stock market saw profit -booking on Friday after a steady in the last several sessions. However, investors will continue to get support from the talks on the trade deal between the US-India. The changes made under the GST reforms next week are also going to be implemented, due to which the attention of the investors will go towards the sector with conspiracy. The interest of shopping in the auto and real estate sector will increase.
At the same time, Ajit Mishra, Senior Vice President (Research) of Railways Broking, said that the performance of bank shares, especially private bank shares in the Nifty, will be monitored. Banks will play an important role in taking the Nifty above 25,500. He said, “The shares like Reliance Industries, TCS, Infosys and other companies will help maintain a positive attitude amidst the strong Nifty.
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