Macro data, global cues, IPOs among 6 factors that will steer D-Street this week
Further, macroeconomic data such as consumer price inflation and industrial production will also be tracked by investors.
“The outlook for the market may depend upon major global and domestic economic data, US Fed rate decisions, foreign and domestic institutional investors' investment patterns, global market trends, rupee movement against the dollar, crude oil inventories, upcoming general elections,” said Arvinder Singh Nanda, senior vice president at Master Capital Services.
Here are the factors that will influence investment decisions in the week ahead.
Macro Data
Among the macro data points, investors will watch out for consumer price inflation for February, and industrial production data for January.
Consumer price inflation is widely expected to ease to a four-month low in February from 5.1% in January. This is largely due to a statistical effect of a high base.
Global Markets
In the absence of any significant domestic triggers, trends in global markets will be closely monitored for cues in early trade by investors.
FII flows
FPIs are steadily turning net buyers in domestic equities as indicated by the inflows worth Rs 11,823 crore so far in March. FPIs were major sellers in January and very modest buyers in February.
“The Indian market is showing great resilience and every dip is getting bought. FPIs have been forced to buy the same shares which they sold at higher prices, which is a losing game,” said V K Vijayakumar, chief investment strategist at Geojit Financial Services.
These positive
