As the year enters its final month, both investors and market experts are closely watching the state of India’s stock market. For the past three weeks, the Sensex and Nifty50 have posted positive weekly gains.
However, despite closing in the green, the markets failed to sustain the sharp intraday rallies seen on multiple days. Even in this week's final trading session, the market opened strong but ended almost flat.
Across the five trading sessions this week, the Sensex rose 0.56 percent, and the Nifty gained 0.52 percent. With this, the Sensex now stands at 85,706 points, while the Nifty50 is at 26,202 points. Market experts have shared their expectations on the major events that could influence the Indian stock market in the first week of December.
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The Reserve Bank of India’s Monetary Policy Committee meeting is scheduled from December 3 to 5. Since August, the RBI has made no changes to the repo rate, although the rate has been cut by 100 basis points since the beginning of the year. Investors will be watching closely to see if the RBI announces any new policy moves after this meeting.
On December 1, India’s automobile sales report for November will be released. This data could significantly impact market sentiment. Higher sales of passenger vehicles, commercial vehicles, and two-wheelers are likely to support a bullish market mood.
The US Federal Reserve's meeting is also lined up for this week. Markets will be keenly tracking the Fed’s decision on interest rates and the economic data the central bank plans to release.
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There are strong indications that the long-pending trade agreement between India and the United States may be signed before the end of the year. Any update on this front could influence market behaviour.
Additionally, foreign institutional investor (FII) activity will remain a key factor. According to experts, if FIIs increase their inflows, the Indian markets are likely to see a positive impact.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
