The markets on the five trading sessions last week, gained on two and lost on three. The Indian equities gave negative returns, the US markets went positive and the trend was largely mixed in the Asian markets during last week.
The RBI's decision to increase its annual inflation projection has increased the chances of further continuation in the rate-cut trajectory, possibly extending into the fiscal year 2025. The introduction of a 10 percent additional Cash Reserve Ratio (CRR) for bank and ongoing outflows of foreign institutional investment (FII), has placed negative influence on market sentiment.
This turn of events is likely to have an impact on the market opening on Monday, at least for the short term or the open.
Macroeconomic indicators, rupee and FII activities will be pivotal in shaping market trends in the coming days. Domestically, inflation figures hold significance. Globally, attention will be directed toward Japan's inflation data, China's IIP numbers, and the US retail sales statistics," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Read more:
- Markets To Focus On Inflation Data, Global Trends This Week: Analysts - Free Press Journal
- Markets To Focus On Inflation Data, Global Trends This Week: Analysts - Millennium Post
- Markets To Focus On Inflation Data, Global Trends This Week: Analysts - Ahmedabad Mirror
- Big Movers on D-Street: What should investors do with HCL Tech ... - The Economic Times
- CPI data, FII mood among 8 factors to drive D-Street this week - The Economic Times
- FPIs turn net sellers in August, offload over ₹7,000 crore after 3-month rally; analysts see profit-booking - Mint
- Inflation, FII data to drive Market in holiday-shortened week: Analysts - Business Standard
- Markets to focus on inflation data, global trends in holiday-shortened week: Analysts - The Hindu Business Line
- Markets To Focus On Inflation Data, Global Trends In Holiday-Shortened Week: Analysts - Outlook
- Inflation data & global trends to drive markets this week: Analysts - Republic World
- Markets to focus on inflation data, global trends in holiday-shortened week: Analysts - Deccan Herald
- Ahead Of Share Market: Top Events To Impact Trading Next Week - Free Press Journal
- Which Stocks/Sectors To Bet After RBI Announced Incremental CRR For Banks? - Good Returns
