Mumbai, February 8: The upcoming week is set to be crucial for the stock market, with several significant factors emerging from both domestic and international fronts. Key highlights include inflation data linked to the new base year (2024) and updates regarding the INDIA-U.S. trade deal.
Investors in India will be closely monitoring the retail inflation figures scheduled for release on February 12, which will be based on the new base year. Following this, wholesale inflation (WPI) and foreign exchange reserves data will be announced on February 13, providing insights into inflation trends and the country’s external economic health.
Analysts believe that further information regarding the interim trade deal framework between India and the United States will also be critical for market movements.
Experts indicate that numerous companies are set to release their quarterly results during this period, which could lead to significant fluctuations in specific stocks.
Global investors will keep an eye on economic data from the U.S. and the performance of the recently volatile Nasdaq Composite Index.
Additionally, ongoing discussions between the U.S. and Iran, along with other geopolitical events, will be pivotal for market sentiment.
Market experts warn that any disruptions in U.S.-Iran negotiations could lead to heightened volatility in global financial and commodity markets, increasing the risk of military intervention and major conflicts in the Middle East.
Ponmudi R, CEO of Enrich Money, stated that the Indian rupee has strengthened significantly from historic lows following the announcement of the India-U.S. trade deal. The activities of foreign portfolio investors (FPIs) will play a crucial role in determining the market’s direction in the near future.
He noted that the impact of the Union Budget 2026 and RBI’s monetary policy decisions has already been factored into the market. Consequently, the stock market has entered a consolidation phase, where investors will focus on the implementation of plans, capital expenditures, and the pace of actual spending.
Analysts suggest that the current market atmosphere remains cautious yet positive. In the coming days, market trends will largely depend on global cues, capital flows, and the political situation in the Middle East.
Last week, the Nifty index experienced significant volatility, reaching a high of 26,341 and a low of 24,679. By the end of the week, the Nifty closed at 25,693.70, marking a robust gain of 868 points.
On the weekly chart, the Nifty formed a strong bullish candlestick and closed above the 20-week EMA, indicating a positive medium-term market outlook.
Akash Shah, a technical analyst at Choice Broking, mentioned that for the Nifty, resistance levels are set at 25,800, 26,000, and 26,200. Support levels are at 25,500 and 25,200. A drop below 25,100 could trigger further declines.
My name is Narendra Jijhontiya. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including TECHNOLOGY, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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