On Friday, December 12, domestic stock markets closed in gains for the second consecutive day. The Sensex closed 449.53 points or 0.53 per cent higher at 85,267.66 and the Nifty closed 148.40 points or 0.57 per cent higher at 26,046.95. The domestic market gained momentum due to positive global cues, increased buying in metal stocks and increase in risk appetite of global investors due to Federal Reserve’s interest rate cut. The BSE Midcap index jumped 1.14 per cent, while the Smallcap index gained 0.65 per cent. Let us know on the basis of which factors the movement of the market will be decided in the new week.
India’s wholesale inflation data for November will be revealed in the new starting week. Investors will keep an eye on this. Retail inflation increased to 0.71 percent in November. Apart from this, inflation data coming from America, Eurozone and other places will also be closely monitored.
attitude of foreign investors
Foreign investors have pulled out Rs 17,955 crore from Indian equities in the first two weeks of December. With this, their total sales in 2025 will reach Rs 1.6 lakh crore. His further stance will play an important role in determining the sentiment of the stock market.
movement of rupee
Investors will also keep an eye on the movement of rupee against the US dollar. On Friday, the rupee fell by 17 paise against the American currency and closed at an all-time low of 90.49 per dollar. Uncertainty over the India-US trade agreement and continued outflow of foreign capital affected the business sentiment of investors.
India-US trade deal
Attention will also be paid to developments related to discussions on trade deal between India and America. On Thursday last week, Indian and US officials concluded two-day talks on the proposed bilateral trade agreement. It is expected that India will get relief from the heavy 50 percent tariff imposed on Indian goods by the Trump administration. Both sides have agreed to continue the ongoing purposeful and positive engagement. A delegation led by US Deputy Trade Representative Rick Switzer had come to India for talks.
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