Mumbai, Nov 16 – As the second‑quarter earnings season winds down, traders are watching a mix of domestic data and politics to steer next week’s market mood. Key indicators include the services PMI, infrastructure output, and the NDA’s landslide win in Bihar – all of which could lift sentiment.
On the global stage, U.S. data will keep markets on edge, especially the Federal Open Market Committee (FOMC) minutes. AI‑linked stocks are also a hot topic, as their swings can ripple through broader indices, says Ajit Mishra of Religare Broking.
After a weak week, Indian indices rallied, ending firmly in the green. While later sessions saw some shake‑ups from overseas news, home‑grown positives kept smiles on the graphs. Retail inflation collapsed from 1.44 % in September to 0.25 % in October thanks to lower GST and falling food prices, giving investors a confidence boost. Wholesale inflation jostled into negative territory, falling 1.21 % in October. Higher net direct tax collections – a 7 % rise to over ₹12.92 trillion – also backed the rally, pointing to solid corporate earnings.
The fresh political boost came from the NDA’s clear win in Bihar, lifting risk appetite and flagging “positive” headlines across the board.
Against this backdrop, the benchmark indices broke new ground: the Nifty closed at 25,910.05, the Sensex at 84,562.78. IT, pharma and auto stocks led the surge, while most sectors stayed upbeat thanks to lower inflation, stable demand and improved global sentiment.
The banking index hit a record high, topping the week, whereas the real‑estate sector eased slightly after a strong run‑up, likely due to profit booking. The India VIX finished at 11.94, down 4.94 % for the week, signaling a quieter, steadier market environment.
In short, a blend of easing inflation, tax‑collection strength, and political clarity is keeping Indian markets on an upward trend, even as global uncertainties linger.
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