FII action, GST Council outcome among 10 factors to weigh on D-Street this week
[hfe_template id='11223']
[ad_1]
Nifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. "The Indian stock markets exhibited positive trends as the Sensex and Nifty indices both posted minor gains, marking their third consecutive week of growth. The Nifty Bank index, in particular, stood out with its largest weekly gain of 2024, surging by more than 3%. This impressive performance also signifies the Nifty Bank's longest winning streak in 19 months, as it recorded gains for the sixth straight week," Pravesh Gour, Senior Technical Analyst at Swastika Investmart said. In his view, the market is expected to trade sideways this week due to the absence of strong buying or selling triggers, even though the underlying sentiment remains bullish. He also sees dips attracting opportunistic buying...