stock market After a big fall, it returned a spectacular rise last week. This rise has come again due to buying by foreign investors. Investors' wealth has increased due to the return of momentum in the market. Now a question is again revolving in the minds of investors whether the market will continue to rise from Monday or there may be a decline. VK Vijayakumar, stock market expert and chief investment strategist of Geojit Financial Services, said that the market sentiment has become positive after FIIs started buying once again in early December. Its effect may be visible in the market further. The market may remain bullish.
Investors will keep an eye on these figures
This week, stock market investors will keep an eye on domestic and global macroeconomic data as well as global trends. Apart from this, investor sentiments will also be affected by the rupee-dollar exchange rate and crude oil prices. Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Limited, said that the domestic stock markets will get further direction from global cues, domestic economic indicators and the attitude of foreign and domestic institutional investors. He said that key factors like exchange rate of rupee and price of crude oil will also play an important role in deciding the market trends. He said that globally, geopolitical tensions continue to pose challenges. However, the recent decline in the dollar index and US bond yields has created a more favorable environment for emerging markets like India.
Sensex rose 1,906 points last week
Last week, the BSE Sensex jumped 1,906.33 points or 2.38 per cent, while the NSE Nifty gained 546.7 points or 2.26 per cent. However, the five-day long rally in the stock market came to a halt on Friday. The market witnessed volatility after the Reserve Bank of India kept the policy rate unchanged in its monetary policy review but reduced the economic growth estimate for the financial year 2024-25. At the end of trading, the 30-share BSE Sensex fell 56.4 points to close at 81,709.12. NSE Nifty fell 30.60 points to close at 24,677.80.
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