Domestic stock markets would be driven by inflation numbers, global trends, and the last batch of Q4 earnings this week, analysts said.
Markets will also react to industrial production data and consumer inflation numbers that were released after market hours on Friday.
“Participants will react to macroeconomic data viz. IIP and CPI first, which were released post-market hours on Friday. WPI inflation data is also scheduled on May 15. Apart from economic releases, global cues, especially the performance of the US indices and the trend of foreign flows will also be in focus for cues,” said Ajit Mishra, VP – Technical Research, Religare Broking Ltd.
Retail inflation declined to an 18-month low of 4.7 per cent in April mainly due to falling prices of vegetables, oils and fats, and came closer to Reserve Bank’s target of 4 per cent, showed government data released Friday.
India’s industrial production growth slipped to a five-month low of 1.1 per cent in March from 5.8 per cent in …
| Subscribe To Our Free Newsletter |
