“While global cues could act as the major trigger for domestic equities in the near-term, the Nifty 50 is likely to remain resilient due to reasonable valuations and India’s macro stability,” said Narendra Solanki, head of equity research at Anand Rathi Shares and Stock Brokers. Here are the factors that will drive markets in the week ahead.
US stock: S&P 500 ends lower as investors weigh data, Middle East tensions
The S&P 500’s streak came to an end, falling from its peak as weaker retail sales suggested caution among consumers. Despite a strong outlook, Applied