Indian Share Markets Mark Third Week of Gains on Foreign Inflows

Indian stock markets logged a three-week winning streak, which is the longest run of gains since June, supported by strong foreign investor money and good company earnings.

Market Trends And Risks

Benchmark indices saw strong buying after investors shifted focus back to local shares following a drop in global artificial intelligence stocks. The Nifty index continues to form higher highs and higher lows, showing positive momentum. However, experts warn that crude oil price swings, the value of the Indian rupee, updates from the US Federal Reserve, and tensions between Iran and the US could affect market mood in the coming days.

Expert Views

Dr. Ravi Singh of Master Capital Services advised that traders can use a buy-on-dips strategy as long as the Nifty stays above the support level of 24,750, with upside targets set at 25,500 and 25,850. Meanwhile, Pabitro Mukherjee from Bajaj Broking noted that PSU banks led the gains due to strong buying in heavy stocks like State Bank of India, while sectors like realty, auto, IT, and metals faced selling pressure.

Context

Stock markets naturally move up and down based on global events, foreign investments, and domestic economic data like inflation and corporate earnings. Major indices like Nifty and Sensex track the health of the broader stock market by measuring the performance of top listed companies in India.