Mumbai, January 4 (). The Indian stock market started the new year 2026 with a good bullish momentum and witnessed a rise in the last three consecutive trading sessions. Last Friday, the domestic market closed with great momentum.
During this period, National Stock Exchange i.e. NSE Nifty made a new all-time high of 26,340. At the end of trading, Nifty closed at 26,328.55 with a rise of 182 points or 0.70 percent and BSE Sensex closed at 85,762.01 with a rise of 573.41 points or 0.67 percent.
Market experts say that there may be turmoil in the Indian stock market in the coming days. Investors will pay attention to the country’s economic data and events happening around the world. All these things will decide whether the market will go up or down.
The season of third quarter results of companies is about to come. Therefore, investors will keep an eye on earnings data, geopolitical developments, major currencies and gold and silver prices.
Giving his opinion on the market movement in the coming week, a market expert said that on the upside for Nifty, 26,400 is the first major level which will act as immediate resistance. After this, levels of 26,500 and 26,600 may come. On the downside, support can be found at 26,200 and 26,100. If Nifty goes below 26,000, the market may fall further.
On the domestic front, investors will keep an eye on the final data of HSBC Services PMI and Composite PMI. This will tell you what is the pace of work in the service sector (like banks, hotels, IT).
Apart from this, attention will also be paid to India’s GDP growth figures, loan and deposit status of banks and foreign exchange reserves. This will help in understanding the economic condition of the country.
Global events will also influence the market. News of military action by the US in Venezuela has increased concerns in world markets.
Important economic data of America, such as job related data (non-farm payroll) and unemployment rate are also very important. This will give an idea of what decision the US Central Bank (Federal Reserve) can take on interest rates, which also impacts countries like India.
The prices of commodities i.e. gold and silver have increased rapidly in recent times. The reason for this is increasing tension in the world and demand for more secure investments. When gold and silver prices rise, it means that people are afraid of risk.
Apart from this, investors will also keep an eye on the movement of the Indian rupee against the US dollar. All these factors play an important role in influencing the direction and condition of the market.
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DBP/AS