India-pack tension, US trading transaction and the results of the fourth quarter determine the market trend next week

Mumbai, May 17 (IANS). The next week will be very important for the Indian stock market. India-Pakistan voltage, Indo-US trading transaction and the results of the fourth quarter of FY 25 and the upcoming domestic and global economic data will be moved on the market. Results of FY 25 are released by companies such as Power Grid Corporation of India Limited, Hindalco Industries Limited, Ongc Limited, Sun Pharmaceuticals Industries Limited, ITC Limited, Grassim Industries Limited and JSW Steel Limited between May 19-23. According to Bajaj Broking Research, the production of PMI figures will be released domestically on May 22. This will provide information on the status of the country’s manufacturing sector. Worldwide, China will have industrial production and retail sales worldwide. At the same time, on May 22, US figures will be seen in the world markets. Business weeks were fantastic for the stock market. During this time, the market gave returns to more than 4 percent to investors. In the trade session of May 12-16, the Nifty scored 1,011,80 points or 4.21 percent. This is the biggest lead of the main index of the National Stock Exchange (NSE) after the week ended on October 4, 2024. Apart from this, the Sensex performance was also excellent last week and scored a strong profit of 2,876,12 points or 3.62 percent. Smallcap and Midcap did well with larvae. In the judging period, the Nifty Midcap 100 index gave 7.21 percent and the Nifty Smallcap 100 index of more than 9 percent. Last week, the Nifty Defense and Realty had the highest growing index and both produced more than 10 percent returns. Nandish Shah, HDFC Securities, senior derivatives and technical research analyst, said: “Nifty is fast and is constantly over his short -term moving average. Right now 25.207 for Nifty is a blockage level and the support is at 24,800.”