Stock Market Updates: Last week was in profit of 1,464.42 points or 2.54 percent.

New Delhi:

Stock Market Updates: The results of the review meeting of the Monetary Policy Committee of the Reserve Bank of India (RBI), economic data and the global trend will decide the direction of the stock markets this week.

Experts of the stock market have expressed this opinion.

Apart from this, the activities of foreign portfolio investors ie FPI will also affect the direction of the market.

There will be no trading in the stock market for two days this week.

The market will remain closed on 'Mahavir Jayanti' on Tuesday and 'Good Friday' on Friday.

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Senior technical analyst Pravesh Gaur said, "Investors will keep an eye on the trend of FPIs and domestic institutional investors ie DII."

At the same time, FPIs have now become net buyers.

The market will also keep an eye on the meeting of the Monetary Policy Committee or MPC of the Reserve Bank.

The results of the MPC meeting will be announced on April 6.

Let us tell you that the figures of Vehicle Sales Reports that came on Saturday have been very good.

Maruti Suzuki, Hyundai Motor and Tata Motors have registered their highest ever annual sales in the last financial year.

This is the best performance of the automobile industry till date.

Due to these great results, sharp ups and downs can be seen in the shares of the auto sector.

Last week, the 30-share BSE Sensex gained 1,464.42 points or 2.54 percent.

On Friday, the Sensex closed at 58,991.52 points, up 1,031.43 points or 1.78 percent.

On Friday, the markets of Asia, Europe and America also closed with a positive attitude.

Ajit Mishra, vice-president, technical research, Religare Broking, said, “This week is a holiday.

Market participants will be 'busy' due to several developments and data.

On the economic front, Manufacturing PMI Data and Service PMI Data will come on April 3 and 5.

However, the eye of the stock market will be especially on the outcome of the upcoming MPC meeting on April 6. He said that apart from domestic factors, inflow of foreign funds will also affect the direction of the market (Stock Market Trends).

Siddharth Khemka, head of retail research at Motilal Oswal Financial Services, said that in the near future, the market will keep an eye on the Reserve Bank's Monetary Policy Committee meeting.

Vinod Nair, head of research at Geojit Financial Services, said investors are eagerly waiting for the PMI data along with the outcome of the MPC meeting.

Apart from this, everyone's eyes will be on the private consumption data of America.

Based on this, the future stance of the American central bank will be decided.