Amid volatility ahead of February derivatives expiry, release of key monthly macroeconomic numbers is likely to drive stock market movement this week, say analysts. "With the earnings season now over, macros will take charge. Global as well domestic factors have a higher probability of driving the Indian bourses going ahead, but uncertainty will prevail given the political scenario in the country," said Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote. Market participants are eagerly waiting for the announcement of election dates, he said, adding that the government's move to infuse Rs 48,239 crore in 12 PSU banks will keep the banking sector afloat; but on the whole, the markets will continue to remain tepid. Gross domestic product (GDP) growth rate for the fourth quarter (Q4) is scheduled to come on Thursday. Also, announcement of PMI data for the manufacturing sector is due for Friday. "The market will look forward to GST Council meet output scheduled on Sunday. GDP
from Latest News https://ift.tt/2IyRAzl
https://ift.tt/eA8V8J https://ift.tt/2LUVdkd
Home
Business
Business News
Business Standard
Latest News
Macro data to drive stock market this week; auto stocks to remain in focus
Sunday, February 24, 2019
Related Posts:
IPL 2019: Missed opportunity to finish the game for DC, says Prithvi ShawShaw felt that the pitch changed a bit towards the end of the DC chase… Read More
6 deliveries, 6 yorkers: What DC's Rabada planned for the super overI had a chat before the super over and Rabada told me that he would go… Read More
Zuckerberg calls for global internet regulations to address harmful contentIn his post, Zuckerberg proposes that 'regulation could set baselines … Read More
Jeff Bezos' phone hacked by Saudis to access personal data: InvestigatorBezos has accused Enquirer publisher American Media Inc, led by David … Read More
0 comments: