Indian stock market: 7 key things that changed for market over the weekend - Gift Nifty, US GDP, inflation to oil prices
Catch Live Market Updates here The US Federal Reserve monetary policy and its first rate decision of 2024, to be released Wednesday, will be keenly watched and is expected to guide the markets. Both the domestic benchmark indices declined around 1.3% in the holiday-shortened week gone by, primarily dragged by weakness in the banking sector.
On Thursday, the Sensex fell 359.64 points, or 0.51%, to 70,700.67, while the Nifty 50 ended 101.35 points, or 0.47%, lower 21,352.60. In this last week of the month, investors will eye several stock market triggers including the ongoing Q3 results, Interim Budget 2024, US Federal Reserve policy verdict, foreign capital inflow, along with other domestic and global market cues.
Also Read: Week Ahead: Interim Budget 2024, US Fed Policy, Q3 results, auto sales among key market triggers this week “Going ahead, the market is likely to consolidate further ahead of the US Fed interest rate decision on Wednesday where the Fed is expected to maintain the status quo and give some hint with regards to rate cut timeline. Apart from this, BoE monetary policy is also due coupled with few key economic data releases which might keep markets volatile," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Further, many heavyweights would be releasing their earnings next week, thus stock specific action would continue despite market consolidation, Khemka added. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — January 29 Here are key domestic and global market cues for Sensex today: Asian markets traded mostly higher ahead of key economic data in the region.
Japan’s Nikkei 225 gained 0.46% and the Topix rallied nearly 1%. South Korea’s Kospi
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