The Indian stock indices will react to the disappointing GDP numbers, and await RBI monetary policy decisions, for fresh market cues, during the week that starts Monday.
Domestic stock markets saw selling pressure on Thursday due to the decline in tech heavyweight stocks, lack of major global cues, and weak Asian market.
The Indian stock markets will react to the recently announced election outcomes of the states and domestic macroeconomic data, Foreign Institutional fund flows, and Monetory policy review meeting of Reserve Bank of India's (RBI) in the first week of December, according to the market analyst
The domestic stock markets on the last working day of the week erased the losses after taking support from positive global cues that included an indication of strength in the labor market of the United States and positive sentiments in other Asian markets.
The domestic stock markets, in coming week, will focus their attention back to the Foreign Institutional Investment (FIIs) selling, global cues and domestic developments such as earnings of the companies and winter session of the Parliament, say analysts.
The Indian benchmark indices, Sensex and Nifty50 on Wednesday opened in red territory amid the cyclical earnings slowdown and global cues which dampen investor sentiments.
The market's performance reflected a cautious sentiment, with 18 of the Nifty 50 stocks advancing while 30 declined. Among the top gainers were BPCL, ICICI Bank, Bharti Airtel, Britannia, and Asian Paints, while HDFC Life, Wipro, Bajaj Auto, Bajaj Finance, and Hindalco were the biggest loser
Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting later this week, particularly the extent of interest rate cut, if any.
Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting next week, particularly the extent of interest rate cut, if any.
Indian stock indices closed Wednesday trade in the red, dragged by a broad-based fall virtually in all the sectoral indices, particularly the media, metal, PSU bank, realty, oil and gas. Profit booking at higher levels also dampened investors sentiment, said analysts.