Macroeconomic Data

Trading activity in the domestic equity markets this week will be largely driven by inflation data, trend in global markets and foreign fund movement, analysts said. Participants will also monitor developments related to the Adani Group crisis, which has been a major overhang recently, they added. "...the movement of crude oil, the dollar index, and US bond yields will be other important factors. The institutional flow will be important as FIIs' selling has come down after relentless selling in January," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. Foreign Institutional Investors (FIIs) offloaded equities worth a net Rs 144.73 crore last week. This week, the market will be awaiting key inflation data from the US and India for clues on the rate hike trajectory of central banks. Retail inflation data for both the US and India is scheduled to be announced on Tuesday. Last week, the Reserve Bank of India (RBI) hiked the key benchmark policy rate by 25 basis point

Macroeconomic data announcements, the Covid situation in China and global market cues would guide Dalal Street in the first week of trading in the New Year, analysts said. Markets would also keep a track on rupee movement, Brent crude oil prices and foreign fund investment trends. "As market players attempt to understand the Fed's stance, Indian markets may respond in lockstep with their international counterparts when the Federal Open Market Committee (FOMC) minutes are made public later this week. "Back home, the New Year is poised to begin with auto numbers," said Apurva Sheth, Head of Market Perspectives, Samco Securities. Purchasing Managers' Index (PMI) data for the manufacturing sector to be announced on Monday and services sector on Wednesday will also influence trading in the equity market. "In the near future, the last Budget before the 2024 election, Q4 earnings, and the monthly auto sales number will be the key events that the market will be looking for in January ...

During the week, the Sensex fell 2.4 per cent and the Nifty 2.5 per cent, their worst weekly decline since June 17, 2022

Will the markets consolidate in this holiday-truncated week?

In the week ahead, Indian markets will focus on the last leg of Q2 results and macro-economic data for further cues on direction. Here's a report

The quality of some of the important economic statistics put out by the govt - for much of which there can be no comparable private substitute - remain questionable and undependable, writes T N Ninan

Long, short or medium, all of the announcements by governments of the world are "willing and able" to make the equity, currency and commodity markets gyrate wildly

The results were even lower than the 14.5 per cent estimate given by the RBI's Survey of Professional Forecasters on Macroeconomic Indicators in August.

Adani Power on Wednesday reported 16-fold jump in consolidated net profit at Rs 4,780 crore for the quarter ending June 30, 2022.

At the interbank foreign exchange market, the local currency opened lower at 78.70 and fell further to settle at the day's low of 79.21.

On the earnings front, big names like ITC, M&M, Dabur, Titan and Interglobe Aviation, along with several others, will declare quarterly results this week

Amid sluggish major macroeconomic indicators, Nepal has been facing economic challenges and hassles as per the latest central bank data.

Stock markets will be closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday

In what turned out to be a historic year, the Indian stock indices went past multiple milestones and the 30-share Sensex made an annual gain of 10,502.49 points or 21.99 per cent in 2021

The new variant had rattled the markets, with several countries imposing travel restrictions, raising questions about whether the global economic recovery could sustain

Stock-specific movement will be seen as the market is heading for the last batch of Q2 earnings

The V-shaped recovery in the first quarter of 2021-22, despite the brutal second wave of the coronavirus pandemic, is a testimony to India's strong macroeconomic fundamentals

Domestic equity markets would be driven by macroeconomic data, quarterly earnings, and RBI interest rate decision this week, analysts said. Global trends and the pace of vaccination would also guide the local equities, they added. "In the week ahead, the key event in the domestic market will be the announcement of RBI's monetary policy decision. To give a view on economic recovery, the market awaits the release of manufacturing and service PMI data," said Vinod Nair, Head of Research at Geojit Financial Services. Among major earnings announcements, HDFC, PNB, Adani Ports and Special Economic Zone, Bank Of India, Bharti Airtel, State Bank Of India, and M&M would release their financial results. Nirali Shah, Head of equity research, Samco Securities, said, "The RBI's MPC meeting is scheduled for the coming week. Auto sales numbers, PMI figures along with the result season will continue to drive stock specific movements on D-Street." "Macroeconomic data, pace of vaccination and ...

This is the first full-year contraction in the Indian economy in the last four decades since 1979-80, when GDP had shrunk by 5.2 per cent

May sharpen decline in IIP in Feb

Shares rose in Europe after a mixed session in Asia on Monday as China reported a variety of data that painted a complicated picture of its recovery from the pandemic. The passage of a $1.9 trillion aid package for the US economy has added to investor confidence that the US and global economy will likely experience a strong recovery from the pandemic in the second half of the year but also potentially increase the rate of inflation. Germany's DAX climbed 0.3% to 14,546.95 and the CAC 40 in Paris added 0.5% to 6,075.54. Britain's FTSE 100 was up 0.4% at 6,789.86. US futures pointed to an upbeat start, with the contract for the S&P 500 up 0.3% and that for the Dow industrials 0.4% higher. Markets got a mixed message from the data out of China, which has led the global recovery, reopening earlier than other countries from coronavirus shut-downs that emerged in the central city of Wuhan in early 2020. Retail sales jumped nearly 36% year-on-year in January-February from a year earlier.