Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
2-min read

Macroeconomic Data, Earnings Likely to Steer Stock Market

Industrial production data on Monday, inflation rate on Tuesday and WPI inflation on Thursday would be keenly watched by market participants amid economic slowdown concerns.


Updated:November 10, 2019, 4:13 PM IST
facebookTwitter Pocket whatsapp
Macroeconomic Data, Earnings Likely to Steer Stock Market
Image for Representation.

New Delhi: Key macroeconomic numbers are likely to drive stock in a holiday-shortened week ahead as quarterly earnings season is almost coming to an end and the Ayodhya verdict unlikely to have any major impact on overall investor sentiments, according to analysts.

Equity markets will be closed on Tuesday for "Gurunanak Jayanti".

Industrial production data on Monday, inflation rate on Tuesday and WPI inflation on Thursday would be keenly watched by market participants amid economic slowdown concerns.

Coal India Ltd, Hindalco Industries and NMDC are among the major companies set to announce their earnings this week.

Santosh Meena, Senior Analyst at TradingBells, said Ayodhya verdict would not have any impact on equity market until any social unrest arise in the country.

"It could have sentimental positive impact for incumbent BJP government. Otherwise, it won't have any major impact on the political front as well.

"Market is in bullish momentum where this momentum will continue," Meena added.

In one of the most important and much-awaited judgements in India's history, a five-judge bench of the Supreme Court headed by Chief Justice Ranjan Gogoi put an end to over a century-old dispute that has torn the social fabric of the nation.

The apex court said the mosque should be built at a "prominent site", allotted either by the Centre or the Uttar Pradesh government, and a trust should be set up within three months to build the temple at the site that, many Hindus believe, Lord Ram was born.

"Equity markets which are trading near all-time highs will be facing two important data this week which can act as a catalyst for an upside breakout or further pressure," Mustafa Nadeem, CEO of Epic Research said.

Developments related to US-China trade negotiations will also be tracked by investors, analysts said.

Besides, trend in rupee-dollar, crude oil and investment pattern by overseas investors will also be crucial for markets, they added.

Equity benchmark BSE Sensex tumbled 330 points on Friday after Moody's Investors Service cut the country's credit rating outlook to negative.

During the last week, the Sensex advanced 158.58 points or 0.39 per cent.

"While the lowering of rating outlook is negative, we believe that the government has been trying to stimulate growth... Government has taken various measures including one of the boldest

reforms in the form of corporate tax cut," Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services Private Ltd, said.

He noted that these measures would take time to work on the ground and that the near term concern is on the fiscal front, with lower tax incomes and higher spending leading to a ballooning deficit.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Reliance 1,547.65 2.51
Bharti Airtel 437.30 -0.47
Yes Bank 65.85 2.65
Vodafone Idea 7.05 16.53
ICICI Bank 495.00 0.30
Company Price Change %Gain
Reliance 1,547.05 2.47
Vodafone Idea 7.07 17.44
Prime Focus 50.05 3.09
Yes Bank 65.85 2.65
Bharti Airtel 437.25 -0.46
Top Gainers
Company Price Change %Gain
Zee Entertain 307.00 7.40
Sun Pharma 450.00 5.66
IndusInd Bank 1,469.30 5.50
BPCL 544.60 4.94
Dr Reddys Labs 2,838.65 3.49
Company Price Change %Gain
Sun Pharma 450.20 5.73
IndusInd Bank 1,468.70 5.50
Yes Bank 65.85 2.65
Reliance 1,547.05 2.47
Maruti Suzuki 7,144.10 1.42
Top Losers
Company Price Change %Gain
Bharti Infratel 240.90 -3.85
IOC 130.90 -1.58
Kotak Mahindra 1,599.45 -1.50
Eicher Motors 21,489.80 -1.18
Hindalco 190.75 -0.83
Company Price Change %Gain
Kotak Mahindra 1,599.10 -1.49
Tata Steel 398.55 -0.83
TML-D 76.85 -0.77
HDFC 2,199.60 -0.61
HUL 2,026.20 -0.53

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results