Week Ahead: RBI Policy, auto sales, Q4 updates, global cues among key market triggers in first week of FY25

livemint.com:

Nifty 50 ended FY24 on buoyant note logging their best performance in three fiscal years, gaining 29 per cent in FY24, while Sensex rose 24 per cent. Nifty 50 has advanced 2.74 per cent in the January-March quarter, extending gains for four straight quarters in a row.

Both Sensex and Nifty 50 logged a second straight weekly gain of 1.04 per cent. On March 28, the market rallied on the final calendar day of FY24, extending gains for the second consecutive session, driven by broad-based buying across sectors.

At the weekly close, the Sensex surged by 819.41 points (1.13 per cent) to 73,651.35, while the Nifty climbed 230.15 points (1.04 per cent) to 22,326.90. Also Read: FY24 Review: Tata Motors, Bajaj Auto, among D-Street's top 10 best-performing largecaps this fiscal; check full list Despite initially surpassing the 22,500 mark for Nifty and 74,000 for Sensex during the day, both indices failed to maintain these levels by closing.

The monthly expiry triggered a notable downturn in the final hour of trading, resulting in Sensex and Nifty dropping around one per cent from their highs. On FY24's last trading day, the 30-share index rose 655.04 points or 0.90 per cent to settle at 73,651.35, while the NSE Nifty climbed 203.25 points or 0.92 per cent to settle at 22,326.90.

Reviewing FY24, analysts said despite facing 8-10 declines every alternate month, the market remained resilient, buoyed by domestic investors' confidence in India's economic strength and growth prospects. Commenting on the outlook for FY25, Vinod Nair, Head of Research, Geojit Financial Services said, ‘’As we move on to a new financial year, we express optimism towards sectors such as Pharma, Capital Goods, and Infra, as we see them as key growth drivers,