Stock market next week: Global developments, inflation information, and FII flow to drive market sentiments: Analysts

NEW DELHI: Market sentiment this week can be formed by international developments, key inflation information, and international investor exercise. Investors may even preserve a detailed watch on monsoon progress and updates on worldwide commerce talks, in accordance to market consultants.“Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as CPI inflation will be closely tracked to gauge demand trends and the central bank’s next steps,”Ajit Mishra, SVP, Research, Religare Broking Ltd informed information company PTI.“Additionally, the progress of monsoon and sowing patterns will be monitored due to their implications for rural consumption,” Mishra famous.Global commerce discussions and US bond yield fluctuations will stay vital components influencing market sentiment, he added.The benchmark indices witnessed substantial features on Friday, with rate-sensitive sectors main the rally following RBI’s substantial 50 foundation factors fee discount.The BSE Sensex concluded at 82,188.99, rising by 746.95 factors or 0.92%, whereas NSE Nifty surpassed 25,000, ending at 25,003.05, up by 252.15 factors or 1.02%.The earlier week noticed BSE benchmark gaining 737.98 factors or 0.90%, while Nifty superior 252.35 factors or 1%.“We expect Indian markets to witness a gradual up-move, supported by positive sentiment following higher-than-anticipated rate cut by the RBI and optimism surrounding a potential US-India trade agreement with officials from both sides meeting in New Delhi to finalise the first phase of the proposed deal,” Siddhartha Khemka, Head, Research, Wealth Management, Motilal Oswal Financial Services Ltd, stated.“Meanwhile, global headwinds, including unexpected shifts in US tariffs and ongoing geopolitical tensions, may induce volatility,” he added.The aggressive RBI fee minimize, backed by cooling inflation and a gentle GDP outlook, is probably going to assist investor confidence amidst the continuing international uncertainties, famous Vinod Nair, Head of Research, Geojit Investments Ltd.