Week Ahead: RBI Policy, Q2 Results, Israel-Iran war, FII flow, global cues among key market triggers for Nifty, Sensex
- Stock market triggers: This week, RBI monetary policy, domestic and global macro data, Israel-Iran war, and foreign fund flow will dictate trends. D-Street experts say the Nifty 50 will face resistance at 25,800 level.
The Indian stock market began October on a disastrous note, with Dalal Street witnessing carnage due to across-the-board selling pressure on weak global cues. The domestic indices experienced a sharp downturn, breaking its three-week winning streak. The significant decline has been attributed to a combination of fundamental challenges, which prompted short-term profit-taking.
In the second week of October, investors will closely monitor key market triggers such as the upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI), the first set of July-September quarter results for fiscal 2024-25 (Q2FY25), Israel-Iran war, foreign fund outflows, crude oil prices, global cues, domestic and global macroeconomic data.
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