FII activity, India-US trade deal among 7 factors that may impact D-Street action this week
[hfe_template id='11223']
[ad_1]
Indian equity benchmarks wrapped up the week on a solid note, buoyed by strong domestic macroeconomic data and ongoing policy reforms. The Nifty gained 1.29% to settle at 24,741, while the Sensex climbed 1.13% to close at 80,710. The uptrend was broad-based, with midcap and smallcap indices outperforming, rising 1.8% and 2.5% respectively — a clear signal of rising risk appetite despite persistent global headwinds. Investor sentiment was lifted by India’s Q1 GDP growth of 7.8%, the fastest in five quarters, reinforcing the economy’s resilience. Policy momentum also played a key role, with the GST Council's move to streamline tax slabs to 5% and 18% adding clarity and fueling optimism across cyclical sectors. Technically, Nifty formed a bullish candle on the weekly chart, reclaiming the 20 and 50 EMAs, signaling trend reversal and strengthening momentum. RSI maintained an upward slope, while MACD sustained a bullish crossover with an e...