Q3 GDP booster, Feb auto sales data among 8 factors that could impact D-Street trade this week
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Nifty recorded its worst fall in February since the Covid, falling by 6% while the beginning to March series was equally uninspiring as both headline indices ended Friday, down 1.9%, breaking major support levels. When markets resume trading on Monday, a host of important domestic and global events lined up during the week are likely to impact them. Nifty closed at 22,124.70, lower by 420.35. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that Nifty remains in the bearish zone. In the near term, Nifty is expected to find support around 21,800-22,000, he said, adding that a sustained move above 21,800 could lead to a significant recovery, while failure to hold this level may trigger another sharp decline. Factors that are likely to impact movement when markets reopen this week: 1) India Q3 GDP The country’s economic growth accelerated to 6.2% in the third quarter of FY25, up from 5.4% in the p...