Next week’s market outlook focuses on US tariffs, PMI, FIIs, and global economic data as key triggers.

tween March 24 and 28, foreign institutional investors (FIIs) invested Rs 17,426 crore. In contrast, domestic institutional investors (DIIs) invested Rs 6,797 crore in equities. The Nifty had a 6.3 per cent increase in March, recovering from the previous month’s decline, ending on a high note, buoyed by steady foreign inflows. Indian markets will be closed on March 31 for Eid.

Puneet Singhania, Director at Master Trust Group, noted that Nifty has strong support at 23,300 and may drop to 23,000 if breached. On the upside, resistance is expected at 23,800, and a breakthrough above this level could propel Nifty towards 24,100, potentially extending the rally.

Looking ahead, the key factors that will determine the market outlook for next week include domestic and global economic developments such as PMI and FIIs data, auto sales updates, and critical US economic indicators. On the domestic front, auto manufacturers will release sales data, and India’s HSBC Composite PMI data is due on Friday. Globally, markets will be influenced by India-US tariff policies, the repercussions of President Donald Trump’s 25 per cent tariff on finished vehicle imports starting April 3, and Fed Chair Powell’s Speech. In addition, significant economic data on US job openings, non-farm payrolls, and the unemployment rate will be disclosed next week.

The previous week saw positive results for the Indian stock market, with Nifty and Sensex climbing by 0.70 per cent to close at 23,519.35 and 77,414.92, respectively. Leading the rally were banking stocks, with Bank Nifty closing at 51,564.81, marking a nearly 2 per cent rise. Among sectors, the Nifty PSE and FMCG indices recorded the highest gains, while the media and pharma sectors experienced losses. Foreign investors remained active, with FIIs injecting Rs 17,426 crore into the market between March 24 and 28, while DIIs put in Rs 6,797 crore.

Overall, the outlook for the coming week is shaped by a blend of positive market sentiments, upcoming global developments, and economic data releases that will influence the direction of the Indian stock market. The strategic interplay of domestic and international factors must be closely monitored by investors to navigate the subsequent shifts in the financial landscape successfully.