Markets closed on a strong note last week, with both Sensex and Nifty posting gains of over 2%. But now comes the big question: Will the momentum last?
Here are 5 key drivers that can steer Dalal Street this week:
- FIIs Turning Buyers Again
After months of choppy moves, foreign investors were net buyers last week — a rare positive signal in recent months.
- Crude Oil Drop = Inflation Relief?
Brent crude dropped under $82/barrel. That’s a big relief for oil-importing India — lower fuel prices often mean better inflation control.
- RBI & Fed Policy Talk
While no rate changes are expected immediately, any hawkish or dovish commentary from global banks can impact FIIs and bond yields.
- Monsoon Progress
Agricultural stocks and FMCGs are watching rain maps like hawks. IMD says monsoon is “normal”, but eyes are on actual field-level progress.
- Auto Sales Data
Maruti, Tata Motors, M&M, and others will release June-end sales numbers. Could drive action in the auto basket.
💡 eBharat Insight:
If global cues stay supportive, Nifty could attempt to test 24,500 this week. But traders should keep tight stop-losses — July usually brings a few surprises.