September 22, 2024
This week, Dalal Street is poised for a potential rollercoaster ride as a multitude of factors converge to shape the market trajectory. Global trends and foreign investor activity are expected to play a pivotal role in determining the direction of the Indian markets.
Among the key drivers, the US GDP data and Manufacturing PMI Flash will be closely watched by investors. The US GDP growth rate has been a significant indicator of global economic health, and any deviations from expectations can have a ripple effect on the markets. Meanwhile, the Manufacturing PMI Flash will provide insight into the manufacturing sector's performance, which can have a direct impact on India's export-oriented industries.
Foreign Institutional Investor (FII) flows are another crucial factor to watch. A surge in FII inflows can provide a boost to the markets, while a decline can lead to a downturn. In recent weeks, FIIs have been net buyers in the Indian markets, and a continuation of this trend can help sustain the upward momentum.
Other key factors that will influence the market this week include the F&O expiry, global cues, and commodity prices. The F&O expiry can lead to increased volatility, while global cues from major economies like the US and China can impact investor sentiment. Commodity prices, particularly crude oil, can have a significant impact on India's macroeconomic fundamentals.
Experts predict that the Nifty bulls are eyeing the 26,000 mark, and a breach of this level can lead to a further rally in the markets. However, any negative surprises from the global trends or FII flows can lead to a correction.
In conclusion, this week is expected to be a critical one for Dalal Street, with multiple factors at play. Investors would do well to keep a close eye on these 10 key drivers and adjust their strategies accordingly.
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