After staging a strong comeback backed by buying interest across sectors this week, domestic markets will focus on several domestic and global factors, including foreign institutional investors (FIIs) activity, developments with respect to tariffs, and the US and UK gross domestic product (GDP) data for the fourth quarter (Q4) for cues in the last week of the financial year 2024-2025.

On the domestic front, the street will focus on the manufacturing and services Purchasing Managers’ Index (PMI) flash numbers for March, while on the global front, the US markets will be closely watched, with tariff-related updates and final GDP growth data for the fourth quarter. Also, investors will focus on the weekly US jobs data, new home sales, and personal income and spending for February in the US. Apart from US macroeconomic numbers, the market participants will also keep an eye on manufacturing and services PMI flash data for March by several key nations, along with the Bank of Japan’s Monetary Policy Meeting Minutes and monthly inflation and quarterly GDP numbers from the United Kingdom.

Last week, the market logged the biggest weekly gains in the last four years, surging over 4 percent. Additionally, the Indian equity benchmarks outperformed their Asian peers for the week ending March 22, with both indices delivering the strongest gains among regional indices. Attractive valuations, a fall in the US dollar index, and renewed FIIs buying interest after a long time supported the market rally.