RBI interest rate decision, macro data, global events to steer markets: Analysts
New Delhi: Macroeconomic data announcement, auto sales numbers, RBI interest rate decision and global events related to the US and China over Hong Kong would drive market sentiment this week, analysts said.
PMI data for manufacturing and services sectors are scheduled to come this week which may also impact trading at the bourses.
"For the week ahead, November auto sales and RBI policy meet this week will influence the market. Main indices performance will be tepid," Vinod Nair, Head of Research, Geojit Financial Services said.
Equity markets may on Monday also react to India's economic growth slipping further to a low of 4.5 per cent in July-September.
The official data was released post market hours on Friday.
"Markets will react to the GDP numbers in early trade on Monday. The recent feud between the US and China over Hong Kong could induce volatility in the global markets," Ajit Mishra, VP - Research, Religare Broking said.
Amar Ambani, Senior President and Head of Research Institutional Equities, YES Securities said, the GDP growth figure was as per their estimate and while there may be a mild negative reaction on Monday, it will not change the medium term trajectory for equities.