The Indian stock market ended last week with a clear trend

Mumbai, October 4 (IANS). Market experts said on Saturday that the Indian stock market concluded last week with a clear trend as RBI’s developmental attitude strengthened the confidence of investors. The Sensex rose 223.86 points or 0.28 percent on Friday to close at 81,207,17. At the same time, the Nifty closed 24,894.25 with a profit of 57.95 points or 0.23 percent. The Nifty crossed its most important 50-day moving average 24,830 levels and made a bullish chandelier on a daily map. After a decline from last week, the index closed above 24,800 level and indicated the recovery. According to the market monitoring, the banking sector fared better in the banking sector with RBI to increase the estimate of GDP growth for FY 26 to 6.8 percent and the announcement of historical reforms. Vinod Nair, head of research at Geojit Investments Limited, said: “Metal stocks have still risen due to the possible cuts in interest rates by Fed in October, mitigation of the dollar index and optimism about stable rates of base metal.” Meanwhile, gold has raised its safe investment appeal, while silver has risen due to strong industrial demand and barriers to the supply side. According to analysts, consumer-centered areas have accelerated due to the expectation of festive demand, while IT and the pharmaceutical sector have dropped due to lack of progress with the US Indian Trade Agreement. According to a note of Bajaj Broking Research, the benchmark indices ended a small week with a positive attitude, which achieved a profit of about 1 percent. PSU bank shares also made a major contribution in which the Nifty PSU Bank index scored a profit of 4.43 percent last week. During the last trade session, metal, PSU banking and consumer duration sustained 1-2 percent each. The Nifty Bank has shown remarkable power over the past 3-4 sessions. Creating a bullish candle with a higher high and higher layer in the daily chart indicates the ongoing positive velocity due to strength in larvae banking supplies. Analysts believe that the market speed is expected to support the strong revenue of the second half of FY2 26 and a favorable attitude of seasonal demand, although global trade developments and US policy movements can cause short -term volatility. He said that with the recent interest rate cut of 25 BPS by Fed and the possibilities to further soften, the possibility of promoting FII flow in emerging markets. -Ians skt/