Nifty closed last week with a 1.6% gain at 23,907.25, powered by banking and IT stocks.
This week, market movement will be shaped by BJP’s Maharashtra win, securing 230 of 288 seats, boosting sentiment for India’s commercial hub. MSCI index adjustments are set to drive $2.5 billion in FII inflows, adding stocks like BSE and Voltas. Wall Street hit record highs, crude oil prices surged 6%, and rupee weakness continued. Analysts predict resistance at 24,500, with IPO activity and global cues also in focus.