![](https://www.udayavani.com/wp-content/uploads/2024/07/bail-15-415x207.jpg)
Macro data, global trends to guide markets this week: Analysts
PTI, Nov 27, 2022, 12:52 PM IST
![](https://www.udayavani.com/wp-content/uploads/2022/11/Stock-market-analysis-Pexels-620x413.jpg)
Representative Image (Source: Pexels)
New Delhi: Trading activity in the equity market this week will depend on macroeconomic data announcements, monthly auto sales numbers, and global trends, analysts said.
Bulls dominated Dalal Street last week, supported by favourable triggers like buying by Foreign Institutional Investors (FII) and a drop in crude prices.
Last week, the 30-share BSE benchmark Sensex rallied 630.16 points or 1 percent. On Friday, the Sensex settled at 62,293.64 — its record closing high. The NSE Nifty too ended at its lifetime peak of 18,512.75.
“This week, our Q2 GDP numbers and monthly auto sales numbers will be key domestic factors. On the global front, the market will keep an eye on data from the US and any further movement of the dollar index and US bond yields. Apart from this, news flow from China will continue to cause some volatility,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Ajit Mishra, VP – Technical Research, Religare Broking Ltd, said this week participants will be focusing on key macroeconomic data — GDP numbers and manufacturing PMI — for cues.
“Besides, with the beginning of the new month, auto sales will also start pouring in from December 1. Apart from the domestic data set, performance of the global indices especially the US will remain on the radar,” Mishra added.
GDP data for the second quarter is scheduled to be announced on Wednesday, while Purchasing Managers’ Index (PMI) data for the manufacturing sector will be released on Thursday.
“The Fed Chair’s speech, which is scheduled for this week, and the release of other significant macroeconomic data will influence the market’s future trajectory,” said Vinod Nair, Head of Research at Geojit Financial Services.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
![](https://www.udayavani.com/wp-content/uploads/2023/05/IndianClicks_GVega_Udayavani_300x250_12032021_1_1.gif)
Related Articles More
![](https://www.udayavani.com/wp-content/uploads/2024/07/IndiGo-PTI-rep-150x74.jpg)
IndiGo flags higher inflationary environment, escalation in fuel, airport costs
![](https://www.udayavani.com/wp-content/uploads/2024/07/BSE-bull-run-150x113.jpg)
Sensex rebounds 1,293 points, Nifty races to record high on value buying in bluechips
![](https://www.udayavani.com/wp-content/uploads/2024/07/idbi-150x84.jpg)
IDBI Bank privatisation: Security clearances in place, RBI’s nod expected soon
![](https://www.udayavani.com/wp-content/uploads/2024/07/EV-rep-Shutterstock-1-150x89.jpg)
Hyundai ties up with Charge Zone for high-speed EV chargers
![](https://www.udayavani.com/wp-content/uploads/2024/07/BSE-PTI-4-150x98.jpg)
Stock markets fall for 4th day on selling in banking shares, STT hike
MUST WATCH
Latest Additions
![](https://www.udayavani.com/wp-content/uploads/2024/07/rains-6-150x101.jpg)
Delhi’s minimum temperature notch above normal, IMD predicts moderate rain
![](https://www.udayavani.com/wp-content/uploads/2024/07/bail-15-150x75.jpg)
Shortage of 18 judges in 10 courts across Goa: Minister tells assembly
![](https://www.udayavani.com/wp-content/uploads/2024/07/meat-150x100.jpg)
Bengaluru: Tension at railway station over consignment of meat
![](https://www.udayavani.com/wp-content/uploads/2024/07/crime-5-150x84.jpg)
B’luru PG murder: Gruesome details emerge from CCTV footage; accused arrested from Bhopal
![](https://www.udayavani.com/wp-content/uploads/2024/07/modi-29-129x115.jpg)
PM Modi lauds CRPF’s unwavering dedication
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.