Experts Say Global Cues, Macro Data To Determine Markets Trend This Week
NDTV
Trading activity in the equity markets will be guided by a host of macroeconomic data announcements scheduled during the week
Trading activity in the equity markets will be guided by a host of macroeconomic data announcements scheduled during the week, apart from global trends amid ongoing concerns over high inflation, analysts said.
Foreign institutional investors (FIIs), a key driver for the Indian markets, would also be tracked for cues, they added.
"Market will remain busy with macro numbers this week where GDP, auto sales and PMI numbers will be factors on the domestic front, whereas PMI numbers of various countries and unemployment data of the US will be important global macro numbers.
"Amid all this, movement of dollar index and crude oil prices will continue to have an impact on market volatility. FIIs are still in selling mode where it will be interesting to see whether they start some buying in the Indian market amid improved sentiments," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
