A host of domestic and global macroeconomic data announcements will guide investors’ sentiments this week.
Analysts said that investors’ sentiments will be guided by a host of domestic and global macroeconomic data announcements this week, as well as foreign investors’ trading activity and trends in world stocks.
Experts added that the rupee-dollar trend and the movement of the global oil benchmark Brent crude would also be crucial in dictating market terms.
The domestic stock market may be shaped by a variety of global cues, domestic economic indicators, and investments flowing from foreign and domestic institutional investors. Key factors like the rupee’s exchange rate and crude oil prices guide market trends.
Globally, geopolitical tensions, especially the Russia-Ukraine conflict, continue to be challenging. But recently, the declines in the dollar index and US bond yields have created a better environment for emerging markets like India, said Pravesh Gour, Senior Technical Analyst at Swastika Investment Ltd.
On the economic front, Gour added that key macroeconomic releases, such as retail inflation and industrial production data from India and US core CPI, will influence overall market sentiment.
Last week, the BSE benchmark jumped 1,906.33 points or 2.38 per cent, and the NSE Nifty climbed 546.7 points or 2.26 per cent.
