Sensex, Nifty Stumble 5% Amid Fed Jitters: Key Factors To Drive Stock Market Next Week

New Delhi: The Indian stock market witnessed its sharpest weekly decline in nearly two and a half years, as bearish sentiments dominated due to weak global and domestic cues and foreign capital outflows mid-week. In the past week, the Sensex and Nifty 50 benchmarks faced immense selling pressure, dropping by nearly 5 per cent each. Both indices erased gains from the previous four weeks, with Sensex closing at 23,857.5 and Nifty 50 at 78,041.59. Key Factors To Drive Stock Market This WeekAs the market enters the fourth week of December, investors are expected to focus on several key factors, including new IPOs, corporate actions, and global market indicators. Key Market Triggers This Week1. New IPOs And ListingsThe coming week will see significant activity in the IPO market, with three new issues and eight listings scheduled on Dalal Street. Mainboard IPOsUnimech Aerospace IPO will open on December 23, while Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro IPOs will close on the same day. Ongoing IPOsVentive Hospitality, Senores Pharmaceuticals, and Carraro India will remain open until December 24. SME IPOsTwo new SME issues will also open for bidding this week. 2. FII And DII ActivityForeign institutional investors (FIIs) continue to play a significant role in the market direction. Last week, FIIs offloaded Rs 15,828 crore worth of shares, driven by high US bond yields and a strengthening dollar. However, domestic institutional investors (DIIs) provided some relief by buying shares worth Rs 11,874 crore during the same period. 3. Global Market CuesGlobal economic data will remain crucial for market sentiment. Investors will watch US bond yields, the dollar index, initial jobless claims, durable goods orders, and new home sales data closely. Global markets will remain closed on December 25 for Christmas, a break that typically influences market behavior before the holidays. 4. Crude Oil PricesOil prices saw limited movement last week, with Brent crude settling at $72.94 per barrel and US West Texas Intermediate at $69.46 per barrel. Both benchmarks ended the week down by about 2.5 per cent. On the domestic front, crude oil futures in India rose slightly to Rs 5,944 per barrel on the Multi Commodity Exchange (MCX). 5. Corporate ActionsSeveral key corporate actions are lined up this week. Vedanta shares will trade ex-dividend. NMDC shares will trade ex-bonus. Mazagon Dock Shipbuilders will trade ex-split. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.) Get Latest News Live on Times Now along with Breaking News and Top Headlines from Markets, Business Economy and around the world.