Domestic stock markets on Tuesday ended on a positive note, recovering from seven-month lows hit in the last trading session due to a decline in the rupee and investors worries over the earnings of domestic companies.
Indian stock markets are expected to remain sensitive to the market triggers such as corporate earnings, key macroeconomic data, including CPI and WPI inflation, and foreign fund outflows amid the ongoing corrective phase, according to the market experts.
Global markets, in the week ahead, will keenly look for fresh inflation data and economic reports, S&P stated in its latest week ahead economic preview.
Indian stock markets closed in the negative territory on Thursday with the Sensex and Nifty, both ending the day lower, as concerns over currency weakness and muted earnings expectations weighed on investor sentiment.
Indian stock markets opened on a lower note on Thursday amid the mixed global cues. On the opening, the BSE Sensex was down 214.33 points or 0.27 per cent at 77,934.16, and the Nifty was down 55.25 points or 0.23 per cent, opening at 23,633.70.
Indian stock markets opened almost flat, starting the fresh week in green with a marginally higher opening; however, the outlook is still under pressure.
The domestic stock markets, in the upcoming week, will focus their attention on the earnings of companies, foreign portfolio investments (FPI) data, a host of economic data, Fiscal Year GDP Growth, Index of Industrial Production (IIP), and other global cues, according to the market experts.