Share Market Weekly Wrap: Sensex, Nifty 50 ends up for the third week. What to expect from the Indian stock market next week? | Einsmark news

Indian stock market: Indian indices – Sensex and Nifty 50 – end the week on a higher note for the third week straight on RBI’s policy announcement, which surprised the market. After most of the week has bounded most of the week, the benchmark indices rose sharply on Friday and settled near the week’s highlight, with the Nifty closure at 25,003 and the Sensex at 82,118,99. The sectoral performance was generally favorable, with rate -sensitive sectors experiencing strong buying activity. The rally was led by real estate, car and bank shares, powered by optimistic expectations for credit growth and consumer confidence. Financial and NBFCs have also seen profits, supported by the anticipation that lower interest rates will improve loan conditions. On the other hand, it remained behind due to continued global uncertainties, especially in the US and European markets. Important market managers for next week who are going ahead will concentrate on market participants on important macro economic data for additional insights. Important high-frequency indicators such as CPI inflation will be carefully observed to assess the demand patterns and expect the future action of the central bank. Furthermore, the status of the monsoon and sowing activities will be detected as a result of its impact on rural consumption. Worldwide, advances in trade conversations and fluctuations in US bonds will remain significant factors that form investor sentiment. Technical prospects for next week according to AJIT Mishra – SVP, Research, Religare Broking Ltd, Nifty again approached the top band of his prevailing consolidation area of ​​24,500-25.100. ‘A definite exposition of more than 25,200 would be the beginning of a fresh yield, with the potential to gradually move towards the 25,600-25,800 zone. At the disadvantage, the 24,400-24,600 series is expected to perform a strong support zone during any correctional phase, ‘Mishra said. Meanwhile, Mishra, who spoke on Bank Nifty Outlook, said: “The bank index has finally broken over the key 56,000 mark after trading in a close range for more than a month. strong support. ” What should your trading strategy be for next week? Market analysts maintain a positive prospect of the markets fueled by RBI’s rate cut. “With the RBI’s rate cutting and fashion comments acting as strong backwinds, we maintain our positive prospects in the markets and suggest that we continue with a ‘buy -on dip’ strategy, unless the delicious is definitely interrupted. Basis,” Mishra said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.