The Indian stock market overall gained around 3% during the last week, recovering all early losses to sharply rise despite volatility in overall global stock markets. Analysts now highlight that the market’s direction during the upcoming week will be determined by RBI MPC meet outcome, oil prices and other key factors.
Sensex and Nifty extended gains for a third consecutive session on Friday, with the benchmark indices ending higher amid overall bullish global market sentiment. Sensex rose 166.5 points to close at 78,095, while the Nifty 50 gained over 66 points to end the session at 24,384. Broader markets also remained in the green, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising more than 0.4%.
