New Delhi: According to experts on Sunday, next week’s market outlook is likely to be shaped by a mix of global cues, domestic economic indicators, and the flow of investments from foreign and domestic institutional investors.

Pravesh Gour, Senior Technical Analyst at Swastika Investmart, said, “Significant macroeconomic releases—including retail inflation and industrial production data from India, as well as US Core CPI and unemployment figures—are expected to influence overall market sentiment.”

The Indian stock market ended last week with gains. This was the third consecutive week when the stock market closed in the green. Nifty closed at 24,677 with a gain of 2.27 percent, or 546 points, and Sensex closed at 81,709 with a gain of 2.39 percent, or 1,906 points.

The positive commentary by the Reserve Bank of India (RBI) is being considered the reason for the rise in the stock market. The central bank announced a reduction in the cash reserve ratio (CRR) by 0.50 percent in the December monetary policy. This will increase liquidity in the banking system. RBI also expressed confidence about strong demand and industrial growth.

Foreign investors’ buying of the stock market is also a big reason. Last week, foreign institutional investors (FIIs) bought about Rs 12,000 crore in the Indian markets, and domestic institutional investors (DIIs) bought about Rs 1,800 crore.

Puneet Singhania, Director at Master Trust Group, said, “Nifty has again come above the 21-day moving average after trading below it for five consecutive weeks, which shows a bullish stance. 24,250 is strong support for Nifty. On the upside, the index may aim to reclaim the psychological 25,000 level.”

“On the upside, the index may aim to reclaim the psychological 25,000 level.”

Vinod Nair, Head of Research, Geojit Financial Services, said, “All investors are now accumulating momentum stocks as the expected pick-up in government capital expenditures may provide some impetus to the infra, capital goods, realty, cement, and metal industries in H2FY25.”

“Market direction for next week will be influenced by the release of US payroll and US CPI inflation data, which will give some insights into the Fed’s December meeting,” he added.

 

 

 

 

 

 

–IANS