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On the domestic front, the Indian market will monitor auto sector data as companies begin releasing their sales figures from Monday.
India’s HSBC Composite PMI for March, set to be released on Friday, will provide insight into the country’s manufacturing and services sectors.
Global Economic Factors
Globally, developments in India-US tariff policies will play a significant role.
Investors will closely follow US President Donald Trump’s announcement of a 25% tariff on finished vehicle imports, effective April 3.
This could affect trade relations and impact Indian companies exporting vehicles to the US.
Additionally, US Federal Reserve Chair Jerome Powell’s upcoming speech will capture attention.
Investors will be eager to hear any clues on the Fed’s monetary policy stance and its potential effects on the global economy.
Important US Economic Data
Key US economic reports will also drive global market sentiment, including job openings, non-farm payrolls, and the unemployment rate.
These figures will give investors a clearer picture of the US labor market and its broader impact on the global economic outlook.
Indian Market Performance
The Indian stock market closed last week on a positive note, with both Nifty and Sensex rising around 0.70%. Nifty ended at 23,519.35, and Sensex closed at 77,414.92.
Banking stocks led the rally, with Bank Nifty rising nearly 2% to close at 51,564.81. Sectorally, Nifty PSE and FMCG indices saw the biggest gains, while media and pharma indices experienced losses.
FII & DII Activity
Foreign Institutional Investors (FIIs) maintained a strong buying momentum, investing ₹17,426 crore in Indian equities between March 24 and 28.
Domestic Institutional Investors (DIIs) also contributed with ₹6,797 crore in investments during the same period.
The continued foreign inflow has driven positive market movement, with the Nifty rising 6.3% in March and rebounding from the previous month’s decline.
Technical Outlook For Nifty
Puneet Singhania, Director at Master Trust Group, noted that Nifty has strong support at 23,300. If this level is breached, the index could drop towards 23,000.
On the upside, resistance lies at 23,800, and a breakout above this level could propel Nifty toward 24,100, extending the current rally.
With a range of domestic and global economic triggers on the horizon, investors should closely monitor developments such as US tariff policies, economic data, and FII inflows.
The coming week will be pivotal in setting the direction for the Indian stock market.
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