Market outlook: RBI MPC, PMI and global economic data key factors for next week

Last week, Nifty increased by 223 points or 0.94 per cent to close at 24,131 and Sensex increased by 685 points or 0.87 per cent to close at 79,802.

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Indian market outlook for next week will be guided by major domestic and global economic events such as RBI's interest rate decision, manufacturing and services PMI data, auto sales, US job and PMI data, according to the experts.

Last week, the stock market closed in positive territory due to the victory of BJP-led alliance Mahayuti in the Maharashtra Assembly elections. During this period, Nifty increased by 223 points or 0.94 per cent to close at 24,131 and Sensex increased by 685 points or 0.87 per cent to close at 79,802.