RBI policy, FII flows among 10 factors that will steer D-Street this week
«Benchmark indices logged a second week of gains, ending the final trading week of fiscal year 2024 on an optimistic note. Nifty almost tested the previous all-time high above 22,500 on the expiry day and ended just above 22,300 with weekly gains of over 1%. On a weekly basis, sectoral indices posted mixed performances with realty, gaining the most followed by Auto and Infra, and the sector which fell the most was the IT sector,» said Arvinder Singh Nanda, Senior Vice President, of Master Capital Services.
In his view, the outlook for the market this week will be guided by a slew of global and domestic events, including the Reserve Bank of India's monetary policy, auto sales data, the US and India manufacturing PMI, among others.
Indian and US markets were closed for trading on Friday.
Factors that are likely to impact movement when markets reopen this week:
1) RBI Policy
RBI’s rate-setting committee will be meeting this week to announce policy rates and also give its commentary on the economy and inflation. D-Street is expected to track this bimonthly event. The banking regulator is expected to leave interest rates unchanged.
2) US Markets
Handover from the US markets was strong with major headline indices on the Wall Street ending higher on Thursday. While Dow 30 ended at 39,760.10, up by 477.75 points or 1.22%, the S&P 500 settled at 5,248.49, higher by 44.91 points or 0.86%. Meanwhile, the Nasdaq Composite gained by over 83.82 points or 0.51% to end at 16,399.50 on Thursday.
When Indian markets reopen on
