RBI's rate decision, macro data to dictate market trends this week: Analyst
The Reserve Bank of India's interest rate decision, macroeconomic data and global trends will drive investors' sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said. In addition, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude would also influence trading in equity markets. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in the 2023-24. The benchmark hit its all-time high of 74,245.17 on March 7. In 2023-24, the Nifty soared 4,967.15 points or 28.61 per cent. "The RBI's Monetary Policy Committee (MPC) is set to start its three-day meeting deliberating interest rates and analysing the state of the economy on April 3 and will end on April 5. Auto stocks will be in focus as companies will announce the monthly sales numbers for March starting from April 1, 2024. "Additionally, people will be watching how the rupee fares again
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.