From mint · Pranati Deva · · 1m 30s
Nifty soars 2.8% this week: What lies ahead for Dalal Street?
Experts decode 5 triggers to watch next week for Indian markets.
In brief
Experts decode 5 triggers to watch next week for Indian markets. Indian equities rose 2.77% this week as IT stocks and domestic buying supported the Nifty, with next week's focus on earnings breadth, foreign flows, and technical resistance levels. Originally reported by mint.
Indian equities rebound this week
The Nifty 50 rose 2.77% this week, supported by IT shares and domestic institutional buying.
Weekly market gains
The Sensex gained 2,256.94 points, while the Nifty added 625.7 points for the week.
Key triggers for next week
Experts highlight five key triggers: Q2 earnings, foreign flows, global rates, crude prices, and technical resistance.
Q2 earnings and corporate guidance
Investors will assess whether companies can deliver stronger revenue growth and margins beyond IT stocks.
FII selling and domestic institutional inflows
Foreign portfolio outflows narrowed to ₹ 8,991 crore, while domestic institutional investors purchased ₹ 7,813 crore.
Global interest rates and crude oil
Higher crude prices can fuel inflation, while rising bond yields may pressure equity valuations.
IT stocks and sector rotation
IT shares have driven recent recovery due to global AI and semiconductor sell-offs.
Nifty technical levels
The Nifty rebounded from support near 22,200 and reclaimed its 21-day EMA around 22,900.
Immediate resistance levels
The Nifty's immediate resistance is around 23,360, corresponding to its 55-day EMA.
What investors should do next
A staggered buy-on-dips approach may be preferable to chasing sharp rallies.
Here's the gist
Indian equities rose 2.77% this week as IT stocks and domestic buying supported the Nifty, with next week's focus on earnings breadth, foreign flows, and technical resistance levels.
