New Delhi
The coming week is expected to be crucial for Indian stock markets, with global cues and foreign fund flows set to guide investor sentiment. The US Federal Reserve’s policy decision, progress in India’s trade negotiations with the US and EU, and foreign institutional investor (FII) activity will likely shape the direction of Sensex and Nifty.
Experts believe the Fed may cut interest rates by 25 basis points, while a deeper 50-basis-point cut would surprise markets and lift global sentiment. Trade talks are also in focus. Commerce Minister Piyush Goyal recently said that discussions on an India-US trade deal are advancing, with the first phase possibly finalised by November. Negotiations with the EU are also in their final stages.
FII activity has shown signs of turning positive. Out of the last five trading sessions, FIIs were net buyers in two, including Rs 129.58 crore inflows on Friday.
The previous week was strong for equities. Nifty gained 373 points, or 1.51 percent, closing at 25,114, while the Sensex added 1,193.94 points, or 1.48 percent, to finish at 81,904.70. Analysts suggest focusing on domestic cyclical sectors such as autos, metals, and consumer discretionary, while balancing exposure with defensives like FMCG and pharma.
Technically, Nifty faces resistance around 25,250–25,500, with immediate support near 24,800 and stronger support at 24,650. For Bank Nifty, resistance lies at 55,000, with potential to rise toward 56,200 if it breaks out. Support is seen between 54,000–54,400, with major support at 53,600.
Overall, market experts remain positive, though they caution that some consolidation cannot be ruled out.
