Share Market: How will the market move when it opens on Monday after a two-day holiday? This is always important. The market's movement will depend on many factors. The trend of the stock market will depend on the Reserve Bank of India's Monetary Policy Committee (RBI-MPC) meeting next week, manufacturing and services PMI data, and many global economic figures. 

The effect of victory on the market  

The past week was great for the stock market due to the victory of the BJP-led alliance Mahayuti in the Maharashtra elections. During this time, the Nifty rose 223 points or 0.94 percent to 24,131 and the Sensex rose 685 points or 0.87 percent to 79,802. However, due to global instability, there was a lot of volatility in the market. Banking stocks played an important role in this rally. Bank Nifty closed at 52,055 with a gain of 920 points or 1.80 percent. During this time, the stock of the country's largest private bank HDFC Bank made a new all-time high of Rs 1,836...

Lack of FII  

Last week, there was a decrease in the selling done by foreign institutional investors (FIIs) on a weekly basis. From November 25 to November 29, FIIs sold Rs 5,026 crore in cash. During this period, domestic institutional investors (DIIs) bought Rs 6,924 crore. Vinod Nair, Head of Research, at Geojit Financial Services, said that the market movement will depend on the upcoming economic data.

The GDP growth rate in the second quarter of FY25 was 5.4 percent. Its impact on the market can be seen, but investors will be eyeing the RBI MPC. This time the repo rate is likely to remain unchanged, but due to the low growth rate, the central bank may indicate a cut in interest rates in February.  

Further, other economic indicators like services and manufacturing PMI data, auto sales, and US job data will decide the market trend. 
Palka Arora Chopra, Director, Master Capital Services, says that Nifty has closed above the support of 23,800. This was the second consecutive week when Niftyhads closed positive. The zone of 23,800 to 23,850 is an important support zone. If Nifty slips below this, it can go up to 23,400. A rally can be seen after 24,800.  

He further said that Bank Nifty saw strength last week and it has not broken its support zone of 51,750 to 51,850. If Bank Nifty slips from here, it can go up to 51,100, and 52,400 is a resistance level. If it breaks it, it can go up to 53,000.