Mumbai10 minutes ago
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The stock market may see a boom this week. The market will be eyeing the Us GDP growth data, global economic data, domestic economic data, FII-DII flow and upcoming IPO.
Factors that will determine the market move in this week…
Us gdp growth data
The US final GDP growth data will be released on March 27, which will be important for global investors. According to the last two estimates, US GDP Q4-2024 had increased by 2.3%, lower than 3.1% of Q3. The Federal Reserve had already indicated slow GDP growth and in 2025 described GDP growth as limited to 1.7%, it was first estimated 2.1%.
Apart from this, America’s PCE price index, consumer expenditure, unemployment figures, home sales data and personal income and expenditure data can also be affected by the market.
Global Economic Data
Apart from US data, PMI data from many countries will also come. Britain’s quarterly GDP data and inflation data will be eyeing the bank of Japan (BOJ )’s Monetary Policy Meeting Minutes.
Domestic Economic Data
India’s manufacturing and services PMI data will come on 24 March. According to experts, there can be a slight increase in March compared to 56.3 and 59 in February. Apart from this, data of bank loan and deposit growth (till 14 March) and foreign exchange reserves (till March 21) will be released on 28 March.
Fii-Dii Flow
Foreign Institutional Investors i.e. FII had strengthened the market by purchasing a net purchasing of ₹ 5,819 crore. This happened for the first time after the early week of December 2024. Experts believe that if FII purchases continue, the market may see further boom. However, so far, FII’s total selling in March has been ₹ 15,412 crore.
Initial Public Offering (IPO)
The next week there is no major initial public offering (IPO) in the mainboard segment, but 4 new IPOs will open in the SME segment. Also, 5 SME companies- Paradip Transport, Divine Heera Jewelers, Grand Continent Hotels, Rapid Fleet Management Services and Active Infrastructure will be listed in the market next week.
Sensex climbed 3.52% last week
Last week, the Sensex has climbed 2,614 points i.e. 3.52%. The Nifty also had a gain of 810 (3.60%) points last week. At the same time, the Sensex climbed 557 points to close at 76,905 on the last trading day of the previous week i.e. Friday (March 21). The Nifty also rose by 159 points, it closed at 23,350 levels.
