Share Market: A rising trend or a big fall, how will the stock market be on Monday; Know expert opinion

Share Market Outlook: Next week is going to be very important for the Indian stock market. Inflation, mutual funds, FII and domestic and global economic data will decide the market trend. Apart from this, investors will have an eye on the possible US-India trade agreement next week amid the strengthening relations between India and Russia. During Russian President Vladimir Putin’s visit to India, 16 new agreements related to defence, trade, economy, healthcare, education, culture and media were signed between the two countries.

Putin assured that Russia will continue to provide stable and uninterrupted supply of fuel to India. His statement comes at a time when India is also negotiating a trade deal with the United States, which has urged New Delhi to reduce purchases of Russian oil.

Inflation figures will be released on December 12

Inflation figures will be released by the government on December 12. Retail inflation in October was 0.25 percent. Apart from this, figures of foreign exchange reserves and growth will come on the same day, which may have an impact on the market. Apart from this, US economic data will also provide direction to the global markets, which includes the US Fed’s decision on interest rates.

How was the domestic stock market last week?

Last week was a mixed one for the Indian stock market. Nifty closed at 26,186.45, down 16.50 points or 0.06 per cent, and Sensex closed at 85,712.37, down 5.70 points or 0.01 per cent. during this time midcap and smallcap A decline was observed. The Nifty Midcap 100 index was down 448.65 points or 0.73 per cent at 60,594.60 and the Nifty Smallcap 100 index was at 17,507.75, down 321.50 points or 1.80 per cent.

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Sharpest jump in Nifty IT

Nifty IT was the biggest rising index last week with a gain of 3.47 percent. Apart from this, auto, metal, Private Banks and Services Index Closed in green mark. On the other hand, Energy, Pharma, FMCG, Realty, Infra, PSE and Consumer Debes closed in the red. The market closed in the green on Friday after the change in interest rates by RBI.