Global Cues, Economic Data To Set Tone For Stocks In The Coming Week
Employees walk through the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Global Cues, Economic Data To Set Tone For Stocks In The Coming Week


Developments around U.S.-China trade talks, U.S. Federal Reserve’s interest rate decision and release of key macroeconomic data in the latter part of the week are expected to influence the equity markets, analysts said.

The U.S. Fed rate decision on Thursday will be a major event that would be keenly tracked by markets globally.

“Markets are expected to remain volatile this week as many factors globally and stock-specific (developments) will influence the bourses. US Fed meeting outcome will be a major international event,” Jimeet Modi, Founder and Chief Executive Officer, SAMCO Securities and StockNote said.

Also read: Foreign Investors Turn Sellers As India’s Economy Slows

Investors will keep a close watch on progress of U.S.-China trade talks.

Back home, two major data points are scheduled to be released on Thursday post trading hours -- industrial production and inflation rate -- which may also influence sentiment in the markets.

Last week, the Sensex dropped 348.66 points or 0.85 percent. In the last two trading days, markets witnessed slide after the Reserve Bank of India held interest rates.

Besides, investors’ focus will be on rupee-dollar trend, oil prices and investment pattern by foreign investors.

Also read: Five Of Top-10 Most Valued Firms Add Rs 56,877 Crore In Market Capitalisation

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