After a tumultuous start to the week, Indian stock markets staged a remarkable recovery, with the Nifty 50 advancing 0.71% and the Sensex gaining 0.91%.
This week, market participants will be keenly watching domestic and global macroeconomic data. The US Federal Reserve’s minutes and Chairman Jerome Powell’s Jackson Hole speech will also be closely monitored for cues on future monetary policy.
On the IPO front, seven new issues are slated to hit the markets, including Interarch Building Products and Orient Technologies. Additionally, five new listings will take place on the SME segment.
Foreign institutional investors (FIIs) turned net sellers last week, offloading ₹8,616 crore in the cash segment. However, domestic institutional investors (DIIs) continued their buying spree, acquiring ₹10,560 crore.
As we navigate this complex market landscape, investors are advised to remain cautious and focus on value stocks in sectors like FMCG, IT, pharma, and telecom. With the Q1FY25 results largely in line with expectations, attention will shift to guidance and future prospects.
Will the upward momentum continue, or will markets succumb to global headwinds? Stay tuned for a thrilling week ahead.
