Mumbai, February 8 (IANS). The coming week is going to be very important for the stock market. In this, many big factors related to the country and the world will be revealed, which include inflation figures with the new base year (2024) and new information related to the India-US trade deal.
Investors in India will keep an eye on the retail inflation data due on February 12, which will be released with the new base year. After this, the figures of wholesale inflation (WPI) and foreign exchange reserves will come on 13 February. This will give an idea of inflation and the external economic situation of the country.
According to analysts, further information related to the structure of the interim trade deal between India and America will also be important for the market.
Experts said that during this period, quarterly results of many companies are about to come, due to which there may be sharp movement in some specific stocks.
Investors around the world will keep an eye on the economic data coming from the US and the performance of the Nasdaq Composite Index, which has suffered a recent decline.
Additionally, global geopolitical events, including the ongoing talks between the US and Iran, will also remain important for the market.
Market experts say that if there is any interruption in US-Iran talks, there could be sharp fluctuations in global financial and commodity markets. This could increase the risk of US military intervention and major conflict in the Middle East.
Ponmudi R, CEO of Enrich Money, said that after the announcement of India-US trade deal, the Indian rupee strengthened after recovering from historical low and the activities of foreign investors (FPIs) will decide the direction of the market in the coming times.
He said that the impact of Union Budget 2026 and monetary policy decisions of RBI has now been reflected in the market. After this, the stock market has reached a stable (consolidation) phase, where the focus of investors will now be on the pace of implementation of plans, capital expenditure and actual expenditure.
Analysts say that at present the market environment remains cautious but positive. In the coming time, the market will depend on global cues, capital flows and the political situation in the Middle East.
Last week there was a lot of volatility in the Nifty index. During this period, the highest level of Nifty was 26,341 and the lowest level was 24,679. At the end of the week, Nifty closed at 25,693.70 and registered a strong gain of 868 points.
On the weekly chart, Nifty formed a strong bullish candlestick and closed above 20-week EMA. Due to this, the market trend looks positive in the medium term.
Choice Broking’s Technical Analyst Akash Shah said that after 25,800, 26,000 and 26,200 are important resistance levels for Nifty. On the downside there is support at 25,500 and 25,200. If Nifty slips below 25,100, the fall may be sharper.
–IANS
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