Indian Stock Market Outlook: Domestic PMI data, details of the US Federal Reserve meeting and progress in India-US trade agreement talks may influence the direction of the local stock market in the coming week. Analysts have expressed this opinion.
According to analysts, apart from this, the business activities of foreign investors will also affect the trends of the stock market. “The market direction will depend on some macro economic indicators, such as India’s PMI data, US unemployment claims data, details of the Federal Open Market Committee (FMOC) meeting, and progress in India-US trade talks,” he said.
The head of Geojit Investments said this
“A prudent approach would be to focus on sectors with strong fundamentals, clear earnings visibility and structural tailwinds, positioning the portfolio for potential upgrades in the second half of FY2025-26,” said Vinod Nair, head of research, Geojit Investments Ltd. Last week, BSE Sensex rose 1,346.5 points or 1.62 percent, while NSE Nifty gained 417.75 points or 1.64 percent.
Giving further information, he said, “Indian stock markets ended the week on a strong note, with benchmark indices leading the way as resolution of the US government shutdown was supported by strong domestic fundamentals, better-than-expected Q2 earnings and declining inflation.”
Motilal Oswal Financial Services Advice
Siddharth Khemka, Head of Research (Wealth Management), Motilal Oswal Financial Services, said, “Capital market equities also remained active, supported by strong retail participation, increase in SIP flows and enthusiasm for recent and upcoming IPOs.” Political stability will be strengthened at the Centre.
Ajit Mishra, Senior Vice President (Research), Religare Broking Ltd, said that after the recent weakness, the markets bounced strongly during the week and finally closed with gains.
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