The bullish trend in the stock market may continue in the coming week.

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According to market analysts, the rise in Share Market After the strong performance in the US market, the decline may continue in the coming week also.

The coming week will be dominated by corporate earnings releases and the much-awaited Federal Open Market Committee (FOMC) meeting, scheduled between April 30 and May 1.

Despite the anticipated challenges for May, experts highlighted that overall Asian markets remain confident of carrying forward the bullish sentiment as April concludes.

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“We expect positive markets this week, driven by continued corporate earnings catalysts, and in India, we expect slightly positive markets this week. Strong earnings and guidance from US Big Tech boosted markets last week , said Ajay Bagga, markets and banking expert.

Rajesh Palviya, SVP Research (Head Technical & Derivatives), Axis Securities Ltd, said, “Nifty remains bullish in the medium term. For the week, we expect Nifty to trade in the range of 22900-22000 with a mixed bias. “

If Nifty crosses 22600 level and sustains above, it will see buying, which will take the index to 22800-22900 levels, said Rajesh Palvia SVP Research Axis Securities Ltd.

Anticipated rate cuts by the Federal Reserve in 2024 are expected to push real yields lower, making gold and silver more attractive as non-yielding assets, and continued global uncertainties, including geopolitical tensions and economic instability, could make gold and silver more attractive. And the attractiveness of silver will increase. Safe-haven assets can pose risks to the market.

In the past week, the positive momentum in benchmark indices continued, with Nifty closing 1.23 per cent higher while Sensex was up 642 points.

Among sectors, all major sectoral indices recorded buying interest, but the PSU Bank index outperformed and gained 6.5 per cent. The market made a sharp comeback during the week but profit-booking was seen at higher levels last Friday.

(With ANI inputs)