Microsoft Outage Affects Share Market: Microsoft. A big name in the world of technology. Apart from making computers, it also provides cloud services. Big companies keep their data on its servers. But on Friday, Microsoft's servers faced problems. The result was that many services including banks, stock market, airlines were affected. It affected the London Stock Exchange as well as the Indian stock market. The market closed in red on Friday.

The country's full budget is to be presented on 23 July. Profit booking was seen in the market before the budget. One reason for the fall in the market was profit booking. The second reason was Microsoft. Due to all this, the Sensex fell 755.48 points to 80,587.98 and the Nifty fell 275.20 points to close at 24,525.

The main reason for the fall in the stock market on Friday was profit booking. Investors sold shares heavily in every sector. The result of all this was that the market closed in the red.

How will the market move on Monday?

Avdhoot Bagkar of Stock Box said that on Friday, the market saw a decline due to weak signals at the global level and tension in US-Chinese trade. After opening at a record level, the market soon turned red. However, the special thing was that Nifty did not go below the level of 24,500. If Nifty goes below this level on Monday, then the market may see a decline.

At the same time, VK Vijay Kumar of Geojit Financial Services said that a different kind of trend was seen in the market on Friday. The performance of mid and small cap stocks, which had reached a high level, was very weak while large caps saw a rise. This means that the market may see a rise. At the same time, government shares have become very expensive, a decline may be seen in them.

Disclaimer: This article is written for informational purposes only. Through this, we are not advising anyone to invest in the stock market. Before investing anywhere, definitely consult your financial advisor.