Market Outlook: Budget, Q3 Results, Global Economic Cues Key Factors For Next Week|Economy News

Mumbai: The Indian securities market overview for the following week will certainly be directed by the Union Budget, q3 outcomes and international financial hints such as petroleum cost, buck index and United States GDP development price information.

The Union Budget 2025 will certainly exist in Parliament on February 1 byFinance Minister Nirmala Sitharaman Companies like ACC, Adani Total Gas, Coal India, Piramal Enterprises, Tata Steel, Hyundai Motor India, JSW Energy, Bajaj Finance and Bajaj Auto will certainly offer their third-quarter outcomes of FY25 in the following week.

Last week, the Indian equity market proceeded its down trajectory, facing consistent technological and essential headwinds. Both Nifty and Sensex gathered a decrease of 0.5 percent specifically. This was the 3rd successive week when the securities market observed a sell-off. The Nifty Realty index dropped one of the most by 9 percent. However, the Nifty IT index saw an increase of regarding 3.5 percent.

Foreign institutional capitalists (FIIs) marketed shares worth Rs 22,504 crore in the money section. The FIIs discharges went beyond Rs 69,000 crore until now this month. Meanwhile, Domestic Institutional Investors (DIIs) actioned in with solid internet inflows of Rs 17,577 crore throughout this duration. .
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Puneet Singhania, supervisor at Master Trust Group claimed, “Nifty trades below critical support levels, including the horizontal zone and ascending trendline, as well as the 21 EMA (exponential moving average), 55-week EMA, and the 200-day EMA, confirming a downtrend. The resistance zone at 23,350-23,450 continues to cap any upward momentum, signalling strong selling pressure.”

Santosh Meena, head of research study at Swastika Investmart, claimed, “Bank Nifty remains a weak segment, trading in a narrow range of 47,800-49,800. A breakout above the psychological level of 50,000 is needed for a significant recovery, with 50,800 and 51,500 as subsequent targets. On the downside, if it slips below 47,800, the next support levels are at 47,000 and 46,500.”