GDP numbers, exit polls to weigh on markets this week, says Aamar Deo
The coming week should be interesting, as significant economic data releases and critical new flows are expected to provide direction to the market, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. Among the domestic data sets, India's quarterly GDP figures, monthly auto numbers, and exit polls from the recently concluded state elections are likely to weigh on markets, Singh said.
Nifty ended flat while Bank Nifty with declines of 0.9%. What is the outlook for next week?
Markets have been trading with a positive tilt in recent weeks, but the key indices, Nifty, Bank Nifty, and Sensex, have been unable to break above recent highs. And, with investor interest in the primary market increasing, as well as profit-booking, we should expect increased volatility in the coming week.
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Offering CollegeCourseWebsiteIIM LucknowIIML Chief Executive Officer ProgrammeVisitIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIIM LucknowIIML Chief Marketing Officer ProgrammeVisitFurthermore, the coming week should be interesting, as significant economic data releases and critical new flows are expected to provide direction to the market. Among the domestic data sets, India's quarterly GDP figures, monthly auto numbers, and exit polls from the recently concluded state elections are likely to weigh on markets. On the international front, US GDP data and OPEC's output policy decision are two triggers that investors will be watching closely. We also have the monthly expiry next week, which could add to the volatility.
What are key levels of Nifty and Bank Nifty and strategy ahead of monthly expiry?
Nifty continues to trade with a positive bias,
