Stock markets to take cues from macro data, global trends: Analysts

Trading in the domestic equity market this week will be largely driven by a host of macroeconomic data announcements and global trends, analysts said.
 

Industrial production data for July and inflation rate for August are scheduled to be announced on Monday. Besides, wholesale price index (WPI) inflation data will be released on Wednesday.
 

"The direction of the market in the week ahead will be determined by cues from the global markets as well as important macroeconomic data points such as inflation, manufacturing and industrial production," said Vinod Nair, Head of Research at Geojit Financial Services.
 

Other major factors that would