Mumbai, Nov 23 (LatestNewsX) — This week’s market mood will likely be shaped by forthcoming Q2 GDP figures, the flow of foreign institutional funds, and international market signals.
Analysts expect traders to keep a sharp eye on trade updates and key economic releases such as the IIP and Q2 FY26 GDP.
“With macro signals turning mixed and global cues offering limited clarity, a balanced approach is advisable. Investors may prioritise sectors with visible earnings traction and renewed interest—such as banking, auto, IT, and consumption—while remaining selective in other pockets,” said Ajit Mishra of Religare Broking Ltd.
He added that traders should proceed cautiously around expiries and major macro releases, and only buy on dips when the market is near established support.
Nifty closed decisively above the 26,000 mark, showing steady strength and a willingness among buyers to defend rising levels. “The index continues to trade above its key moving averages — the 20‑day, 50‑day, and 200‑day EMAs– further confirming a broader bullish undertone. As long as it remains above these levels, market sentiment is expected to stay constructive and upward‑biased,” said Amruta Shinde of Choice Broking.
Last week, domestic equity indexes ticked up 0.68 % and 0.50 % to finish at 26,068 and 85,231, respectively. The rally was buoyed by solid second‑quarter earnings, easing inflation, and optimism over India‑US trade talks.
Broader indices lagged, with the Nifty Midcap100 and Smallcap100 falling 0.76 % and 2.2 %. Despite selling pressure on IT shares from a dip in U.S. tech stocks, the sector still led the week’s gains, followed by Nifty Auto and Services.
“Profit booking may come into play in the near term if pressure on the rupee continues,” said the analysts. “In the week ahead, investors will keep a close eye on trade developments and economic data like the IIP and Q2 FY26 GDP to gauge the market direction.”
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