New Delhi: Inflation data, Q2 earnings and global trends will be the major driving factors for stock markets this week, analysts said. Moreover, the trading activity of foreign investors would also influence the equity market trends.
“This week will be crucial, with several key macroeconomic data releases scheduled. On the domestic front, focus will be on India’s CPI inflation and WPI inflation data, which will provide insights into the inflation trajectory and policy outlook.
“On the earnings front, quarterly results from prominent companies such as ONGC, Bajaj Finserv, Asian Paints, Tata Steel and Oil India will be closely tracked for sectoral cues,” Ajit Mishra, SVP, Research, Religare Broking Ltd, said.
The rupee-dollar trend and movement of Brent crude, the global oil benchmark, would also be crucial in driving investors’ sentiment.
Globally, all eyes will be on the ongoing US government shutdown, which has halted the release of key economic data crucial to investors and policymakers in assessing the actual state of the economy, he added.
In a holiday-shortened last week, the BSE benchmark tanked 722.43 points or 0.86 per cent, and the NSE Nifty declined 229.8 points or 0.89 per cent.