The stock market in the upcoming week will be looking at global happenings such as international market performance, anticipations of recession in the US, and domestic macroeconomic indicators such as IIP, CPI, and WPI inflation data, said market analysts.
The Indian benchmark indices traded weak after opening on a negative note on Thursday, reacting to the unchanged policy repo rate announced by the Reserve Bank of India
The Indian stock market, on Wednesday, retained its gain after suffering a historic bloodbath on Monday. Sensex surged 900 points snapping three-day losing streak.
Indian markets started Wednesday's trading session on a positive note, following a global rally. The Nifty 50 index opened with a gain of 296.85 points or 1.24 per cent, reaching 24,289.40 points, while the BSE Sensex opened at 79,565.40 points, up by 972.33 points or 1.24 per cent.
The benchmark Nifty50 at the National Stock Exchange (NSE) opened at 24,189.85, up by 290.60 pts or 1.21 per cent, while BSE Sensex opened higher by 949.21 points or 1.21 per cent to trade at 79,708.61