Tweet
IIP, inflation data to guide market mood this week
Stock markets are likely to witness volatile trading in the coming week in view of industrial output and inflation data that are lined up for release, according to experts.
That apart, there are indications that the Government may hike fuel prices impacting market sentiment.
While stock markets may open on a bullish note following European Central Bank’s announcing last week a bond-buying plan to revive euro-zone’s ailing economies, key triggers for domestic markets in the form of IIP numbers and inflation data will appear from the middle of the week.
July’s industrial output data will be released on September 12, and August headline inflation figure on September 14.
While slowdown in economic growth has made investors cautious, inflation remains above the comfort level of the government as well as the Reserve Bank, keeping interest rates high.
The new data will provide key inputs for a decision on interest rates coming ahead of RBI’s monetary policy review on September 17, analysts said.
Macroeconomic concerns may prompt investors to book profits at higher levels after a smart rally in the market last week, analysts said.
Stock markets are likely to witness volatile trading in the coming week in view of industrial output and inflation data that are lined up for release, according to experts.
That apart, there are indications that the Government may hike fuel prices impacting market sentiment.
While stock markets may open on a bullish note following European Central Bank’s announcing last week a bond-buying plan to revive euro-zone’s ailing economies, key triggers for domestic markets in the form of IIP numbers and inflation data will appear from the middle of the week.
July’s industrial output data will be released on September 12, and August headline inflation figure on September 14.
While slowdown in economic growth has made investors cautious, inflation remains above the comfort level of the government as well as the Reserve Bank, keeping interest rates high.
The new data will provide key inputs for a decision on interest rates coming ahead of RBI’s monetary policy review on September 17, analysts said.
Macroeconomic concerns may prompt investors to book profits at higher levels after a smart rally in the market last week, analysts said.
