Stock Market: Will GDP numbers boost enthusiasm? Will the market set a new record on Monday? What are experts saying?

News Topical, Digital Desk : The Indian economy is growing faster than expected. This was confirmed by economic data released on Friday. According to the data, GDP growth in the second quarter was 8.2 percent, the highest in six quarters. This was above market expectations. The data came after market hours, so it's likely that their impact will be felt on Monday. The market is trading near its all-time high, raising questions about whether it could set another new record high on Monday. Take a look at what experts say.

What are the experts saying?

From CNBC Awaaz to Moneycontrol, all experts agree that these data will have a positive impact on the market on Monday. It is estimated that the market may cross key resistance levels. However, some experts are cautious in predicting a sustained rally, given upcoming events and other factors. They believe that the stock market's response may be mixed over the next few days. While the data will initially provide buoyancy, the market will not stabilize soon unless there are positive signals from foreign investors regarding the tariff deal or other positive signals. However, any other positive signals will provide further strength to the market. 

What are the experts' opinions? In a Moneycontrol report, Kranti Bathini, Equity Strategy Director at Wealthmills, stated that these GDP data will have a positive impact on the market. He believes that since these figures are well above expectations, the Nifty could cross the key resistance level of 26250 on Monday. According to him, market conditions are improving and the market is showing signs of growth, but until the full picture becomes clear, the market will not move in a single direction. Every signal will be impacted. Anirudh Garg, Partner and Fund Manager at INVasset PMS, said these GDP figures indicate that the Indian economy is being driven by domestic signals and the impact of global signals is limited. This will boost investor confidence, and the stock market will react positively to these figures. 
 

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