Stock Market Live Updates: Sensex, Nifty hope to build on FY24’s strong finish, eyes on RBI MPC meet

Sensex, Nifty, Share Prices LIVE: This week’s investor sentiment hinges on several key factors. Firstly, the Reserve Bank of India’s interest rate decision, alongside macroeconomic data and global trends, will shape market movements. Analysts anticipate a continuation of the positive momentum from the strong close of FY24. Additionally, attention will be on foreign investors’ trading activity, the rupee-dollar exchange rate, and Brent crude oil prices, all of which impact equity markets. The BSE Sensex surged by 24.85% in FY24, hitting an all-time high, while the Nifty rose by 28.61%. Auto sector performance will be in focus with March sales announcements starting April 1. Furthermore, investors await US Federal Reserve Chairman Jerome Powell’s speech and key US economic data releases, including non-farm payrolls and the unemployment rate. Expectations of market volatility persist due to the MPC’s policy meeting, with global cues monitored closely, notably from resilient US markets and the performance of Japanese indices.