Nifty18,000 next week. Watch out for these cues

Indian stock markets ended higher on Friday, though off their intraday highs. For the week, both Sensex and Nifty gained around 1.7 Percentage , logging their first weekly climb in three. The NSE Nifty 50 index closed at 17,833 on Friday while BSE Sensex rose to 59,793, after crossing 60,000 levels earlier in Fridays session. Apart from global cues, Indian markets will be eyeing data Mondays retail inflation data.

Indian equity markets may continue their northward journey amid supportive global cues, say some analysts.

Though some analysts are warning of expensive valuations, foreign investors are piling money into the market on expectations that growth for the Indian economy will be better compared to global peers. For the year, the Nifty 50 is up around 2.8 Percentage , while MSCIs broadest index of Asia Pacific shares outside Japan has declined 19.7Percentage .

Also lifting investor sentiment is a slide in oil prices.