Can Nifty, Sensex extend gains after rallying up to 2% last week? 4 factors to watch on Monday
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Sensex and Nifty gained 0.5% last week as FIIs turned net buyers, snapping a 10-week selling streak.
- ✓Investors now watch oil prices, which rose above $117 a barrel, alongside global cues.
- ✓VK Vijayakumar said, "FIIs turned net buyers after a 10-week selling streak, lending support to sentiment." Markets remain cautious.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 7 Minute(s)
- Market Focus
- India Economy
Synopsis
Indian benchmark indices Sensex and Nifty ended the week higher, gaining up to 0.5%, even as broader markets declined amid rising crude oil prices above $117 a barrel. Investors will track oil price movements, foreign institutional investor (FII) activity, global cues and domestic market trends for direction. FIIs turned net buyers after a 10-week selling streak, lending support to sentiment.
Indian benchmark indices Sensex and Nifty ended the week in positive territory, gaining up to 0.5%, even as broader markets witnessed a sharp sell-off amid mounting headwinds, including a surge in oil prices above $117 a barrel.
The Sensex rose 308 points to close near 74,460 on Friday, while the Nifty 50 advanced 116 points to settle at 23,053. In contrast, broader markets came under heavy selling pressure, with the Nifty Midcap 100 and Nifty Smallcap 250 indices declining by up to 2%.
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The Economic Times
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