Will Nifty, Sensex extend gains on Monday? 6 factors which will drive D-Street action this week
The Indian stock market is preparing for a week of volatility driven by the upcoming RBI Monetary Policy Committee meeting and geopolitical tensions in the Middle East. Analysts are closely watching for the central bank's guidance on inflation and interest rates.
Why it matters
Market performance in India is a key indicator for emerging market health, and the RBI's policy decisions have significant implications for global investors.
The Indian stock market overall gained around 3% during the last week, recovering all early losses to sharply rise despite volatility in overall global stock markets. Analysts now highlight that the market’s direction during the upcoming week will be determined by RBI MPC meet outcome, oil prices and other key factors.Sensex and Nifty extended gains for a third consecutive session on Friday, with the benchmark indices ending higher amid overall bullish global market sentiment. Sensex rose 166.5 points to close at 78,095, while the Nifty 50 gained over 66 points to end the session at 24,384.
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