Mumbai: The market outlook for next week will be guided by domestic and international factors such as retail inflation data in India, FIIS activity, dollar for rupee activity and Trump tariff policy. India’s retail and wholesale inflation data will be released on March 12, and the stock market will be closed on March 14 due to Holi Festival.
Last week, the stock market witnessed huge gains. After three consecutive weeks of decline, Nifty rose about 2% to 22,552.50, while Sensex rose 1.55% to 74,332.58.
Between trading courses from March 3 to 7, see purchases in SmallCAP and mid-cap stocks. During this period, the Nifty MidCAP 100 index soared 2.66%, while the Nifty SmallCap 100 index rose to 5.47%.
Vinod Nair, head of research at Geojit Financial Services, said the domestic market has recovered from its overselling levels. However, decisive upward momentum will be based on the recovery rate of company revenue and uncertainty about ease of tariffs.
Among the sector indexes, metals, energy, media and PSE performers this week. Nifty Metal soared 8.61%, Nifty Media railings were 7.36%, Nifty PSE grew 7.36%, while Nifty Energy had a return of 5.90%.
Meanwhile, the sharp decline in the U.S. dollar index, lower crude oil prices and the strength of the Indian rupee provided further support to the Green Guard for stocks. On the institutional side, net outflows from foreign institutional investors (FIIS) were net outflows of Rs 15,501 crore in revenue, while domestic institutional investors (DIIS) injected Rs 20,950 crore, providing stability to the market.
Puneet Singhania, Director of Master Trust Group, said: “This week, Nifty rebounded nearly 2% from the 100-week EMA (22,051), after reaching its lowest level since mid-May 2024. Direct resistance is 22,700, consistent with the 21-day EMA and consistent with this level and can push its ongoing movement toward this level and push Nifty’s ongoing movement toward the 23,100 Nifty.
