Indian stock market rises 1%; Sumeet Bagadia recommends stocks under ₹100; Upcoming economic indicators to influence trends
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Indian stock market ends week positively: The Indian stock market concluded the last trading week of 2024 with both the Sensex and Nifty 50 rising by 1%. The BSE Sensex closed at 78,699.07, while Nifty 50 ended at 23,813.40, driven by gains in the auto sector and stable growth in technology stocks amidst a cautious global sentiment .
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Key stocks recommended under ₹100: Sumeet Bagadia has recommended three stocks to buy under ₹100, including IRB Infrastructure Developers Ltd, GMR Airports, and Punjab National Bank. The market saw the Sensex increase by 226 points, with a notable drop in the India VIX, indicating improved investor confidence .
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Upcoming economic indicators to watch: Key factors to monitor in the upcoming week include manufacturing PMI and auto sales data, which are expected to significantly influence market trends. Analysts are also focusing on December quarter earnings and the Union Budget as potential market movers .