Key Points
Indian stock market will step into the new financial year 2024-25 (FY25) from Monday, April 1, after closing fiscal 2023-24 (FY24) on a bullish note, driven by strong macroeconomic indicators, robust corporate growth earnings, and resilient recoveries in the last 12 months..
With the opening of the new fiscal, investors will eye a host of stock market triggers in the first week of FY25, including the including the Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI), auto sales figures, fourth quarter company updates (Q4FY24) ahead of results, foreign capital inflow, crude oil prices, and global cues..
Domestic equity benchmark Nifty 50 ended FY24 on buoyant note logging their best performance in three fiscal years, gaining 29 per cent in FY24, while Sensex rose 24 per cent..
Foreign institutional investors (FIIs) were net buyers for all sessions in Indian markets last week and the net inflow stands at 2,368.76 crore, while domestic institutional investors (DIIs) were also buyers for all sessions, with a total investment of 8,913.49 crore, according to stock exchange data..
Commenting on the market outlook for FY25's first week, Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd said, While markets may witness wild fluctuations due to valuations of benchmark indices being in an expensive zone, the undertone still remains bullish as investors are willing to bet big on equity assets for the next financial year too..
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