Share Market: The next week is going to be very important for the Indian stock market. In the first week of the new year 2025, PMI, auto sales and bank loan growth and global economic data will determine the market movement. The last week was profitable for the stock market. The main indices of the market closed with gains. During this period, the Sensex closed at 78,699 with a gain of 657 points or 0.84 percent and the Nifty closed at 23,813 with a gain of 225 points or 0.96 percent.  

how was the past week  

Last week, pharma and healthcare were the top gainers. The rise in the main indices was due to the rise in banking stocks. In the trading session from 23 December to 27 December (excluding the Christmas holiday on 25 December), foreign institutional investors (FIIs) have sold shares worth Rs 6,322 crore in the stock market. At the same time, domestic institutional investors (DIIs) have invested Rs 10,927 crore.

Santosh Meena, Research Head, Swastika Investmart said that the last week was very weak on the currency front. During this period, the rupee witnessed a significant decline. Current account deficit figures will be released on December 31. This will have a direct impact on the market. At the same time, investors will also keep an eye on auto sales and any good news can boost the market sentiment. 

He further said that Nifty is currently hovering around its 200-day moving average and it is important for it to remain at these levels for further strength. 24,200 will be a resistance level. At the same time, 23,650 to 23,550 will act as a strong support. If it breaks, further decline can be seen. 

Master Trust Group Director Puneet Singhania said that Bank Nifty has formed an inside candle on the weekly chart and it is continuously facing a resistance at 51,800. If it closes above it, it can go up to 52,500. If it goes below 50,900, then selling can be seen in it and it can touch the level of 50,200.