By Admin 
Stock Market This Week: How the Indian stock market will move next week will mainly depend on economic data, attitude of foreign investors and global market signals. Market experts say that in the coming week, investors will keep a close eye on domestic business developments, industrial production (IIP) and gross domestic product (GDP) data.
According to Ajit Mishra, Senior Vice President (Research), broking firm Religare, market volatility may increase before the futures deals end in November. On the domestic front, the market will keep an eye on important economic indicators like second quarter GDP data and industrial production.
Which factors will decide the direction of the market?
Analysts believe that investors globally will keep an eye on the performance of the US market and important economic data there. These global signals will determine the risk sentiment in the near future and will also have a direct impact on foreign capital inflows.
Last week, BSE Sensex rose 669.14 points or 0.79 percent, while Nifty closed 158.1 points or 0.61 percent higher. Meanwhile, on November 20, Sensex made a 52-week high of 85,801.70 and Nifty made a 52-week high of 26,246.65.
Profit booking may be possible
Vinod Nair, Head of Research, Geojit Financial Services, said that if the pressure on the rupee continues, then some profit-booking may be seen in the market in the near future. Along with this, investors will also keep a close eye on the fluctuations in the prices of Brent crude and the rupee-dollar exchange rate.
Market expected to remain strong
Siddharth Khemka, Head of Asset Management Research, Motilal Oswal Financial Services, says that overall the market is likely to remain strong next week. The market will continue to be supported by the strategy of buying on dips, signs of strong demand in the third quarter and continuous funds coming into the market.
Apart from this, any positive progress in India-US trade talks is being considered as a big catalyst for the market in the near future.
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