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A host of macroeconomic data announcements, the last batch of September quarter earnings, global trends, and trading activity of foreign investors will be the major driving factors for the equity market this week, according to analysts. Equity markets would remain closed on Friday for Guru Nanak Jayanti. "India is set to release CPI and IIP data on November 12, with WPI data expected on November 14. Globally, the US inflation report on November 13 will be critical, as it may influence the Federal Reserve's upcoming policy stance," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. With major global events and Q2 earnings (of blue-chip companies) behind, the market focus will shift to key macroeconomic data and the last round of results, Meena said. Bank of India, BEML, Hindalco Industries, ONGC, Apollo Tyres, and Brainbees Solutions -- the parent firm of online e-commerce platform FirstCry -- among others will announce their quarterly earnings this week. "The performa
With the earnings season drawing to a close, stock markets will take cues from global trends and foreign investors' trading activity this week, analysts said. The US FOMC (Federal Open Market Committee) minutes will be the major highlight this week, experts said. "This week, there are fewer cues on the macro and micro fronts, as the Q1 earnings season has concluded. However, important global economic data, such as Japan's inflation numbers and the minutes from the US FOMC meeting, will be closely watched. The uncertain geopolitical situation remains the primary near-term risk for the market," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Traders will also closely monitor institutional flows and crude oil price movement, he added. Easing fears of a recession in the US triggered a global market rally on Friday. "Positive US economic data like cooling inflation and robust retail sales numbers shrugged off recession fears while talks of a rate cut by the US Fed as ear