Market direction in the upcoming week is expected to be influenced by progress in peace talks, developments in the Strait of Hormuz, crude oil prices, FII sentiment, and March quarter earnings. The Nifty 50 rose 303 points (1.26 percent) to 24,354, while the BSE Sensex increased by 943 points (1.22 percent) to 78,494. The broader markets outperformed, with the Nifty Midcap 100 and Smallcap 100 indices gaining 3.55 percent and 4.3 percent, respectively.
The IMF raised India’s FY27 GDP growth forecast to 6.5 percent. Market participants are awaiting quarterly results from over 90 companies, including major names like Reliance Industries and Infosys. The rupee gained 0.51 percent to finish at 92.57 against the US dollar.
The upcoming week will also see the IPO of Leapfrog Engineering Services, raising Rs 88.5 crore. The Nifty 50 is expected to trade in the 24,000-24,800 range, with immediate support at 24,200-24,100.
