After a big fall in the stock market, there was a great boom last week. This boom has come due to buying by foreign investors again. The return of the oom in the market has increased the wealth of investors. Now a question is again circulating in the minds of investors whether the boom in the market will continue from Monday or there may be a decline. Stock market expert and chief investment strategist of Geojit Financial Services VK Vijaykumar said that the market sentiment has become positive due to FIIs once again starting to buy in early December. Its effect can be seen in the market in the future as well. The boom in the market can continue.
Investors will keep an eye on these figures.
This week, stock market investors will be eyeing domestic and global macroeconomic data as well as global trends. Apart from this, investor sentiment will also be affected by the rupee-dollar exchange rate and crude oil prices. Pravesh Gaur, Senior Technical Analyst, at Swastika Investment Ltd, said that the domestic stock markets will get further direction from global cues, domestic economic indicators, and the stance of foreign and domestic institutional investors. He said that key factors liketh rupee exchange rate and crude oil price will also play an important role in deciding 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 jumped 1,906 points last week.
Last week, the BSE Sensex jumped 1,906.33 points or 2.38percentt, while the NSE Nifty gained 546.7 points or 2.26 percent. However, the five-day rally in the stock market came to a halt on Friday. The market fluctuated after the Reserve Bank of India kept the policy rate unchanged in its monetary policy review but lowered the economic growth forecast for the financial year 2024-25. At the end of trading, the 30-share BSE Sensex closed 56.4 points lower at 81,709.12. The NSE Nifty closed 30.60 points lower at 24,677.80.