New Delhi: Analysts say this week the stock markets will be driven by domestic inflation data, current quarter earnings of corporates and global trends.
Market experts say that investors will also keep an eye on the news around the general elections.
Apart from this, investors will also take cues from the trading activity of foreign investors, movement of global oil benchmark Brent crude and rupee-dollar trend.
“Investors will be bombarded with economic data on both the domestic and global front. At the domestic level, keep an eye on the Consumer Price Index (CPI) and Wholesale Price Index (WPI).Globally, the focus will be on the US Producer Price Index (PPI) and consumer prices. index (CPI) data.
"Besides, Federal Reserve Chairman Jerome Powell's speech will also be worth watching. China's industrial production data and Japan's GDP data are rounding off the key releases for the week," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Vinod Nair, head of research at Geojit Financial Services, said the current trend in domestic markets is likely to continue in the short term due to uncertainties due to elections.
“In the coming data-busy week, investors' focus will be on India and US CPI data, Europe and Japan's GDP releases and the FE Chair speech.Furthermore, the next set of Q4 results will also draw market sentiment. ," He added.
DLF, Zomato, Bharti Airtel and Mahindra & Mahindra are among the major companies to announce their earnings during the week.
“The market outlook will be guided by key global and domestic economy data, India's WPI inflation data, US PPI data, Core CPI data, preliminary jobs claims, Japan's GDP data, India Q4 company results and Fed Chairman Jerome Powell's speech said Arvinder Singh Nanda, Senior Vice President, Master Capita Services Limited.“Overall, we expect the market to consolidate broadly and take cues from Q4 results, global factors and news flow around the general elections,” said Siddharth Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
Last week, the BSE benchmark fell 1,213.68 points or 1.64 per cent and the Nifty fell 420.65 points or 1.87 per cent.
Ajit Mishra – SVP, Research, Religare Broking Ltd. said, “Despite negative local sentiment, the strength seen in global markets, especially in the US, has been helpful in arresting the downside momentum. Investors will be closely watching both. It is necessary to keep an eye." Local factors for global market performance and market signals."
Market experts say that investors will also keep an eye on the news around the general elections.
Apart from this, investors will also take cues from the trading activity of foreign investors, movement of global oil benchmark Brent crude and rupee-dollar trend.
“Investors will be bombarded with economic data on both the domestic and global front. At the domestic level, keep an eye on the Consumer Price Index (CPI) and Wholesale Price Index (WPI).Globally, the focus will be on the US Producer Price Index (PPI) and consumer prices. index (CPI) data.
"Besides, Federal Reserve Chairman Jerome Powell's speech will also be worth watching. China's industrial production data and Japan's GDP data are rounding off the key releases for the week," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Vinod Nair, head of research at Geojit Financial Services, said the current trend in domestic markets is likely to continue in the short term due to uncertainties due to elections.
“In the coming data-busy week, investors' focus will be on India and US CPI data, Europe and Japan's GDP releases and the FE Chair speech.Furthermore, the next set of Q4 results will also draw market sentiment. ," He added.
DLF, Zomato, Bharti Airtel and Mahindra & Mahindra are among the major companies to announce their earnings during the week.
“The market outlook will be guided by key global and domestic economy data, India's WPI inflation data, US PPI data, Core CPI data, preliminary jobs claims, Japan's GDP data, India Q4 company results and Fed Chairman Jerome Powell's speech said Arvinder Singh Nanda, Senior Vice President, Master Capita Services Limited.“Overall, we expect the market to consolidate broadly and take cues from Q4 results, global factors and news flow around the general elections,” said Siddharth Khemka, head of retail research at Motilal Oswal Financial Services Ltd.
Last week, the BSE benchmark fell 1,213.68 points or 1.64 per cent and the Nifty fell 420.65 points or 1.87 per cent.
Ajit Mishra – SVP, Research, Religare Broking Ltd. said, “Despite negative local sentiment, the strength seen in global markets, especially in the US, has been helpful in arresting the downside momentum. Investors will be closely watching both. It is necessary to keep an eye." Local factors for global market performance and market signals."
