Updated – September 02, 2024 at 07:17 AM.
Sensex, Nifty, Share Prices LIVE: This week, stock market movements will be influenced by global trends, macroeconomic data announcements, and foreign investor activity, according to analysts. Key indicators like US manufacturing PMI, non-farm payrolls, and the unemployment rate will be closely watched ahead of the mid-September Federal Open Market Committee (FOMC) meeting. Santosh Meena of Swastika Investmart Ltd. highlighted the importance of institutional flows, while Siddhartha Khemka of Motilal Oswal Financial Services noted that global macro data would guide domestic equities. Prashanth Tapse from Mehta Equities Ltd. cautioned that while the market’s bullish run might continue, profit-taking could occur after 12 consecutive days of gains. Auto stocks remain in focus amid sales data announcements. Last week, the BSE Sensex and Nifty reached record highs, driven by optimism over a potential US rate cut and broad-based buying support, with the Nifty achieving its longest winning streak since 1996.
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