A host of macroeconomic data announcements, the last batch of September quarter earnings, global trends, and trading activity of foreign investors will be the major driving factors for the equity market this week, according to analysts.
Equity markets would remain closed on Friday for Guru Nanak Jayanti.
“India is set to release CPI and IIP data on November 12, with WPI data expected on November 14. Globally, the US inflation report on November 13 will be critical, as it may influence the Federal Reserve’s upcoming policy stance,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
With major global events and Q2 earnings (of blue-chip companies) behind, the market focus will shift to key macroeconomic data and the last round of results, Meena said.
Bank of India, BEML, Hindalco Industries, ONGC, Apollo Tyres, and Brainbees Solutions — the parent firm of online e-commerce platform FirstCry — among others will announce their quarterly earnings this week.
“The performa
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