Mumbai, May 4 (IANS) As Indian markets gear up for a data-heavy week, experts say that the direction of the stock market will largely depend on the US Federal Reserve’s policy decision, March quarter corporate earnings, macroeconomic data, and the geopolitical tensions between India and Pakistan following the April 22 Pahalgam terror attack.
In the past week, both the Sensex and Nifty rose for the third straight time, supported by strong foreign fund inflows, robust earnings from index heavyweights, and hopes of progress in the India-US trade deal.
The benchmark Nifty index gained 307.35 points or 1.28 per cent to close at 24,346.70, while the Sensex jumped 1,289.46 points or 1.62 per cent to end the week at 80,501.99.
However, gains were slightly capped due to concerns over geopolitical developments after the terror attack in Jammu and Kashmir’s Pahalgam.
Looking ahead, investors will be watching the US Federal Reserve’s monetary policy meeting scheduled for May 7.
The Fed is widely expected to keep interest rates unchanged for the third straight meeting at 4.25 – 4.50 per cent.
Fed Chair Jerome Powell had earlier indicated two rate cuts in 2025, and also warned that US President Donald Trump’s tariff measures could push inflation higher and hurt employment.
Back home, the earnings season continues with key companies such as Mahindra and Mahindra, Coal India, Titan, Coforge, and Dr Reddy’s Labs set to release their Q4 results.
On the economic front, market watchers will track the HSBC Composite PMI and Services PMI Final data for further cues on the country’s growth momentum.
Foreign investors have turned bullish on Indian equities. In the week ending May 2, foreign institutional investors (FIIs) bought stocks worth nearly Rs 7,680 crore in the cash market.
This marks a significant reversal in trend, as FIIs had sold shares worth over Rs 1.29 lakh crore in the first three months of 2025.
Meanwhile, domestic institutional investors (DIIs) also supported the market with Rs 9,269 crore worth of investments.
–IANS
pk/dpb
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
