Stock Market Analysts Predict Positive Outlook Amid Global Rallies

Following a strong rally on Friday, market analysts predict a positive outlook for the upcoming week in Indian stock markets. Key indices NSE Nifty 50 and BSE Sensex posted significant gains, buoyed by favorable global cues. Analysts expect trends to remain positive despite short-term volatility.

Following a robust rally on Friday, market analysts have expressed a positive outlook for the Indian stock markets in the upcoming week, beginning Monday. Both the NSE Nifty 50 and the BSE Sensex posted substantial gains, marking a strong market performance.

On Friday, August 16, the Nifty 50 at the National Stock Exchange surged by 397.40 points, or 1.65%, closing at 24,541.15. Meanwhile, the Sensex jumped 1,330.96 points, or 1.68%, ending at 80,436.85. Market analysts attribute this buoyancy to favorable global cues, predicting a continued positive trend in the coming weeks.

Ajay Bagga, Market and Banking expert, stated, "We remain positive on the Indian markets and expect a move up." Analysts note that investors will focus on upcoming comments from the American Fed, anticipated to cut policy rates, and key economic data like the HSBC India Manufacturing PMI and HSBC India Services PMI, following the conclusion of the domestic earnings season.

(With inputs from agencies.)