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The stock market is likely to continue its upward journey this week on the back of persistent inflows from overseas fund houses,analysts said.
However,the markets will be keeping a close eye on the RBI’s September 16 mid-term monetary review and the release of August headline inflation (WPI) on September 14,which will set the course on Dalal Street,they said.
Boosted by robust industrial growth in July and positive global cues,the markets are expected to open on a firm note on Monday,brokers said.
“Investor sentiment got a fillip after strong IIP data for July and it will work as a booster for the market. We may see action in consumer good stocks,as this sector contributed 63 per cent to the country’s industrial production during July,” Bonanza Portfolio Vice-President Avinash Gupta said.
