Can Nifty, Sensex extend gains after rallying up to 2% last week? 4 factors to watch on Monday
Indian equity benchmarks Sensex and Nifty are set to open on a positive note, extending their recent winning streak. The rally was supported by Foreign Institutional Investors (FIIs) turning net buyers after a long period of selling, which helped lift market sentiment despite some volatility in broader stocks.
Investors will closely watch four key factors for the day's direction. The primary focus will be on the movement of crude oil prices, which remain a concern for the economy. Additionally, tracking FII inflows, global market trends, and domestic market breadth will be crucial to gauge whether the momentum can be sustained.
Excerpt from Economic Times
Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above $117 a barrel. Investors will track oil price movements, foreign institutional investor (FII) activity, global cues and domestic market trends for direction. FIIs…Read the original at Economic Times
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- Category: Stocks.
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