Will relief rally power Nifty above 23,000 this week? 6 key triggers to track
Nifty breaking a three-week losing streak and closing nearly 2% higher despite weak global cues amid the rising threat of tariff wars with multiple trading partners. This rebound was driven by encouraging macroeconomic indicators, a fall in the dollar index, and liquidity infusion by the Reserve Bank of India (RBI).
“The metal, capital goods, and energy sectors outperformed due to optimism over China's stimulus and lower crude oil prices. A fall in the dollar index also boosted investor sentiment towards emerging markets, while the US equity markets have declined due to uncertainty over Trump's economic policies,” said Vinod Nair, Head of Research at Geojit Financial Services.
This week will be a truncated one, as markets will remain closed on Friday due to the Holi festival holiday. This may lead to increased volatility as traders adjust their positions ahead of the break.
As investors look ahead, several key factors will influence the market’s direction in the coming week:
1) Foreign Institutional Investor (FII) Activity
So far this month, foreigners have sold equities worth nearly Rs 25,000 crore, bringing the total equity selling in 2025 to Rs 137,354 crore.
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