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The Nifty50 closed below 22400 levels on Monday led by losses in banking stocks. It has formed sizeable bearish candles, indicating the possibility of consolidation within an overall uptrend.
In a data-packed week, the domestic macroeconomic figures -- industrial production and inflation numbers -- along with global trends would dictate trends in the equity market this week, analysts said.
This week, the equity market will be influenced by domestic macroeconomic figures, including industrial production and inflation numbers. Volatile tre
Get latest articles and stories on Latest News at LatestLY. In a data-packed week, the domestic macroeconomic figures -- industrial production and inflation numbers -- along with global trends would dictate trends in the equity market this week, analysts said. Latest News | Macroeconomic Data, Global Trends Key Factors to Drive Trends in Markets This Week: Analysts.
Domestic macroeconomic data announcements, global trends, quarterly earnings and foreign fund trading activity would dictate terms in the equity markets this week, analysts said. Besides, movement of rupee against the US dollar and global oil benchmark Brent crude price would also guide the trading pattern in the equity markets. 'From a macroeconomic perspective, market participants will be closely observing key events like the upcoming release of the US manufacturing PMI data, US services PMI data and US non-farm payrolls scheduled between August 1 and August 4.