Markets to track inflation data, US Fed rate decision this week: Analysts
The trading activity in the domestic equity market this week will be largely driven by a host of macroeconomic data announcements and the US Fed interest rate decision, analysts said.
Industrial Production data and retail inflation rate are scheduled to be announced on Monday. Besides, wholesale inflation data will be released on Wednesday.
"This week is going to be crucial in terms of global cues, where the US inflation numbers and the outcome of US Fed policy decision will be the most important events for the market.
"On the domestic front, our industrial production and retail inflation numbers will be announced on December 12, while wholesale inflation numbers will be announced on December 14," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Apart from this, news flows from China, the movement of crude oil prices and the dollar index will be other important factors. Institutional flows also need to be watched, as FIIs have been net sellers for the past week, Meena