Amid volatility ahead of February derivatives expiry, release of key monthly macroeconomic numbers is likely to drive stock market movement this week, say analysts. "With the earnings season now over, macros will take charge. Global as well domestic factors have a higher probability of driving the Indian bourses going ahead, but uncertainty will prevail given the political scenario in the country," said Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote. Market participants are eagerly waiting for the announcement of election dates, he said, adding that the government's move to infuse Rs 48,239 crore in 12 PSU banks will keep the banking sector afloat; but on the whole, the markets will continue to remain tepid. Gross domestic product (GDP) growth rate for the fourth quarter (Q4) is scheduled to come on Thursday. Also, announcement of PMI data for the manufacturing sector is due for Friday. "The market will look forward to GST Council meet output scheduled on Sunday. GDP
Markets
https://ift.tt/2IyRAzl
Saturday, February 23, 2019
Subscribe to:
Post Comments (Atom)
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
No comments:
Post a Comment