New Delhi. The stock market was bullish last week. During this time, the BSE Sensex jumped 1,906.33 points or 2.38 percent, while the NSE Nifty gained 546.7 points or 2.26 percent. According to analysts, in the business week starting from December 9, the direction of the stock markets will be decided by domestic and global macroeconomic data as well as global trends and the attitude of foreign investors. Apart from this, the rupee-dollar exchange rate and crude oil prices will also affect investor sentiment.

Pravesh Gaur, Senior Technical Analyst, at Swastika Investment Ltd, said that the domestic stock markets will get further direction from global indicators, domestic economic indicators, and the attitude of FIIs and DIIs. He said that major factors like the rupee's crude oil and crude oil price will also play an important role in deciding the market trend.A moree favorable environment for emerging markets like India
He said that geo-political challenges continue to arise at the global level. However, the recent decline in the dollar index and US bond yields has created a more favorable environment for emerging markets like India.

Impact of FII buying:
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that the market sentiment has become positive as FIIs started buying again in early December.