FII inflows, US stimulus talks among top factors that may guide D-Street this week
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Last Updated: Dec 20, 2020, 10:38 AM IST
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Synopsis
Going by the buzz on Dalal Street, here are key factors which are likely to chart the market direction this truncated week.
The market breadth has also improved as all Nifty components are trading above their long term 200-day moving average, signifying durability of the current up move.
NEW DELHI: Bulls dominated bears in the week gone by with the benchmark equity indices scaling their fresh record closing highs on every trading session of the week as sentiment stood buoyant following firm global cues amid unabated inflows by foreign institutional investors. Also, the country’s index of industrial production (IIP) which grew 3.6 per cent in the month of October with recovery in manufacturing, consumer goods and power sectors further fuelled investor sentiment.