What To Watch This Week; RBI Policy, Global Trends Will Be Key Market Drivers
NDTV
This week, the RBI's policy decision would be the major event driving trading sentiment in the equity market.
This week, the RBI's policy decision would be the major event driving trading sentiment in the equity market. At the same time, analysts said that global cues, foreign funds movement, and crude oil prices would be the other key factors to watch out for.
Markets have been witnessing a rebound recently. However, they added that the move lacks decisiveness amid lingering challenges like global policy tightening due to soaring inflation and geopolitical tensions.
"RBI policy, global macro numbers and crude oil prices will set the trend for this week. The outcome of the RBI policy will be announced on June 8, and it will be important to listen to RBI commentary as a rate hike is imminent. IIP data will be released on May 10 after market hours.
"On the global front, US jobless claim on Thursday and CPI numbers on Friday will be important for the direction of global markets," said Santosh Meena, Head of Research, Swastika Investment Ltd.
