US markets, FII action among 7 factors that can steer D-Street this week
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Indian benchmark indices ended the week with gains of 1%, marking their third consecutive weekly advance. The rally was driven by rate-sensitive sectors, including banking, auto, and real estate, following a surprise 50-basis-point repo rate cut by the Reserve Bank of India (RBI) on Friday. A host of important domestic and global events lined up for the coming week are expected to influence stock market movements when trading resumes on Monday. On Friday, the Nifty jumped 252.15 points, or 1%, to close at 25,003.05. Commenting on the trend, Rupak De, Senior Technical Analyst at LKP Securities, noted that the RBI’s policy bazooka sparked a sharp rally, helping the index close above the 25,000 mark for the first time in several sessions. This signaled growing optimism among market participants, he noted. “Typically, a rally followed by consolidation often leads to an upward breakout. This time, too, we expect Nifty to break out of its recen...