📷 Image Credits: Moneycontrol
The Indian markets are expected to see consolidation with a positive bias next week amid various key factors. The market showed a drastic recovery in the previous week, reaching new highs despite increasing volatility. Better-than-expected earnings, positive global cues, and hopes for a Fed rate cut supported the sentiment. The upcoming week will focus on corporate earnings, remaining phases of the Lok Sabha elections, and economic data releases. The Nifty 50 and Sensex saw significant gains in the past week, with broader markets outperforming the benchmarks. Market participants will closely monitor FOMC minutes, the speech by the Fed chair, and global economic data trends. Additionally, FII/DII flows, IPO launches, technical analysis, and corporate actions will influence market direction. Overall, the market outlook remains positive, with a bullish trend expected to continue.
