Inflation data, global trends and foreign fund trading activity are the major factors that would drive the domestic equity market this week, said analysts.
The last batch of the ongoing quarterly earnings would also influence trading, they added.
Unabated foreign fund inflows and a rally in global equities drove the equity benchmarks higher on Friday.
The 30-share BSE benchmark Sensex on Friday zoomed 1,181.34 points or 1.95 per cent to settle at 61,795.04 — surpassing its previous closing peak of 61,765.59 hit on October 18, 2021.
“The sentiment will continue to be driven by the movement of the world markets. The market will be keeping an eye on our domestic inflation statistics,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Ajit Mishra, VP – Research, Religare Broking Ltd, said, participants will be eyeing crucial macroeconomic data — CPI and WPI inflation for cues.
Besides, the performance of global indices and foreign flow trends will also remain on
| Subscribe To Our Free Newsletter |
