The last month of the year has started today i.e. Sunday. But, it will start in the stock market from tomorrow i.e. Monday. In the last week of November, on 29th, the Indian stock market saw a rise of about 1 percent. At the same time, how the upcoming week is going to be for the market will depend on some big factors. Among these big factors, RBI policy meet, PMI data and crude oil prices will be the main ones. Let us now understand about it in detail.

No change expected in repo rate

RBI Policy Meet. This is the last MPC meeting of 2024 and experts do not see any possibility of change in the repo rate. Although the economy saw slow growth in the September quarter, inflation reached 6.21% in October, which is much higher than the RBI's target of 4%. Experts believe that a cut in interest rates is possible in the February or April meeting. In this meeting, the RBI will discuss its inflation target and measures for economic stability.

PMI data will be monitored

Globally, US economic data will be key for investors. These include factory orders for the month, vehicle sales, unemployment rate and JOLTs job openings data. Apart from this, speeches of other officials including Federal Reserve Chairman Jerome Powell can also give important indications. These figures will be used to decide the Federal Reserve's policy meeting on December 19. Apart from this, November manufacturing and services PMI data of major countries like America, Europe, China, and Japan will also be watched.

Oil prices and market sentiment

Oil prices fell last week on hopes of easing tensions in the Middle East. Brent crude futures fell 3.82% to $72.3 per barrel. Experts believe that this is a positive sign for the Indian equity markets. Along with this, the expectation of additional supply in 2025 by the International Energy Agency (IEA) may increase pressure on oil prices. Oil prices may remain volatile in the coming week.

Domestic economic data and FII flows

For India, the HSBC Manufacturing PMI (December 2) and Services PMI (December 4) data will be important. According to initial estimates, the manufacturing PMI may fall to 57.3 in November, while the Services PMI is likely to rise to 59.2. The market will also keep a close eye on FII activities. Last week, FIIs made net sales of more than Rs 5,000 crore, while domestic institutional investors (DIIs) bought Rs 6,925 crore.

IPO buzz

Three new IPOs will be launched this week.

Property Share Investment Trust (December 2)
Nisus Finance Services (December 4)
Emerald Tyre Manufacturers (December 5)

Apart from this, shares of many companies including Rajesh Power Services, C2C Advanced Systems, Rajputana Biodiesel will be listed on the SME platform. All these factors will decide what will be the mood of the stock market in the first week of December.