What Will Shape the Stock Market Next Week? RBI Policy, Auto Sales, and US Data
Synopsis
Key Takeaways
- Key Economic Events: RBI Monetary Policy Committee meeting, auto sales data, US economic indicators.
- Market Sentiment: Influenced by domestic and global cues.
- Investor Focus: Interest rates and inflation trends.
- Technical Levels: Sensex resistance at 26,500 and 27,000; support at 25,900 and 25,700.
- Trade Discussions: Ongoing negotiations with the US government.
Mumbai, Nov 30 (NationPress) The Indian stock market is gearing up for a significant week as it steps into the final month of 2025, with investors keenly observing the Reserve Bank of India’s monetary policy meeting, the release of monthly auto sales figures, and crucial US economic data.
Robust domestic macroeconomic indicators and stable global signals are anticipated to bolster the market, though apprehensions about interest rates and international inflation trends may prompt a cautious stance among investors.
On Friday, November 28, major indices concluded nearly unchanged as traders took profits while awaiting India’s Q2 GDP report.
The Sensex dipped 14 points to finish at 85,706.67, while the Nifty fell 13 points, closing at 26,202.95.
“The index has been consistently reaching new highs, maintaining a positive bias. The next resistance levels are set at 26,500 and then 27,000,” analysts noted.
“Conversely, initial support is identified at the 20-day EMA around 25,900, with the next significant level at 25,700,” they added.
The most pivotal event for markets next week will be the RBI Monetary Policy Committee (MPC) meeting scheduled from December 3 to 5.
Investors will be keenly watching for any indications regarding inflation, liquidity conditions, and growth projections as the year approaches its end.
Additionally, the announcement of November auto sales on December 1 will be crucial.
Strong performance in sales of passenger vehicles, two-wheelers, and commercial vehicles could enhance confidence in a continuous demand recovery.
Global cues will also significantly influence market sentiment. It is a complete trading week on Wall Street, although the flow of US economic data will be lighter as federal agencies resume reporting.
Markets will finally obtain the delayed September figures for the Federal Reserve’s favored inflation measure – the PCE and Core PCE index – on Friday.
Beforehand, the ADP private payroll report for November will be released on Wednesday, with investors monitoring whether it aligns with the robust September job figures.
Meanwhile, India’s trade discussions with the United States remain a focal point. The government anticipates finalizing a trade agreement by year-end as most disagreements have been resolved.
These negotiations gained traction after US President Donald Trump acknowledged positive developments in discussions with Prime Minister Narendra Modi.