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Markets to track global cues, trading activity in holiday-shortened week

By Business Standard - 2 months ago
Global trends, trading activity of foreign investors and domestic macroeconomic data announcements would dictate terms in the equity market in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Wednesday for Mahatma Gandhi Jayanti. "Looking ahead, it will be interesting to monitor Foreign Institutional Investors (FIIs) and their flow into India. September saw the highest FII inflows into Indian equities this year. Movements in commodity prices, the US dollar index, and key macroeconomic data from the US will also be pivotal in shaping the market's direction. "Additionally, geopolitical developments will continue to be a key factor on the global stage," said Santosh Meena, Head of Research, Swastika Investmart Ltd. On the domestic front, upcoming monthly auto sales data and quarterly updates from companies could drive stock-specific movements in the near term, Meena said. Among macroeconomic numbers, PMI (Purchasing Managers' Index) data for the ..

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