- Foreign investors bought heavily for the third week in a row
- Nifty gained 0.6 percent
- Estimated 28 thousand by 2027
Stock Market: Foreign investors are getting positive signals for the Indian stock market. Foreign institutional investors (FII) buying in Indian equity markets continued for the third consecutive week. Foreign investors have invested a net worth of Rs 33,340 crore this week, mainly due to their purchases stock market Indices gained support. On a weekly basis, the Nifty registered a gain of 0.6 percent. According to market analysts, resumption of buying by foreign investors after 10 consecutive weeks of selling is a positive for the Indian market. However, the direction of the market in the future will depend on how long this investment lasts.
33,340 crore purchase by foreign investors
FIIs bought net Rs 33,340 crore in the Indian stock market this week. In the previous week as well, foreign investors had made a huge investment of Rs 45,960 crore. This helped boost the confidence of investors in the market. On the other hand, domestic institutional investors (DIIs) took a selling route for the second week in a row. He sold shares worth Rs 24,190 crore this week. Interestingly, they were on sale in all the four trading sessions of the week.
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Banking stocks were the biggest gainers
Banking sector stocks were the top performers in terms of weekly performance. Bank Nifty gained 3.7 percent. Apart from this, the broader market was also bullish.
– Nifty 50 : Up 0.6 percent
– Bank Nifty: Up 3.7 percent
– Nifty Midcap 100 : Up 2 percent
– Nifty Smallcap 100 : Up 2.6 percent
The Nifty touched an all-week high of 25,424 points on Wednesday. However, the index fell somewhat as investors took profits at this high level. The Sensex closed down 318.56 points, or 0.39 per cent, at 81,592.45 at the close of trade on Friday. The Nifty 50, on the other hand, declined 155.05 points or 0.61 percent to close at 25,144.30 points.
Market focus on inflation and geopolitical developments
The geopolitical developments in the US-Iran and its impact on crude oil prices will be important in the coming weeks. Apart from this, the minutes of the US Federal Open Market Committee (FOMC) meeting and India's wholesale price index-based inflation figures will also be on the watch.
The Indian market got some support this week as Brent crude oil prices softened. However, higher-than-expected inflation figures in India and the US put a cap on the market rally. Therefore, investors are expressing the possibility that central banks may take a stricter stance on interest rates in December.
Big selling by foreign investors in October
Earlier in the month of October, foreign institutional investors had made a net sale of Rs 24,475 crore. In the previous month i.e. September, their sales were Rs 58,443 crore. Therefore, the foreign investors who have continued for three consecutive weeks For the buying market Considered important.
Nifty forecast to reach 28 thousand by the end of 2027
Meanwhile, a report by brokerage firm Citi Research has expressed a positive outlook for the Nifty 50 index. The Nifty is expected to reach 28,000 by the end of 2027 on the back of strong corporate earnings, softening crude oil prices and the possibility of a slowdown in capital expenditure growth related to artificial intelligence globally. Overall, foreign investor buying, crude oil prices, inflation figures and global central banks' stance on interest rates will be key factors determining the direction of the Indian stock market going forward.
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