macroeconomic data
| March 31, 2024, 9:15 a.m.
RBI's Monetary Policy Decision and Global Trends to Influence Investor Sentiment
The upcoming Reserve Bank of India's (RBI) interest rate decision, along with macroeconomic data and global trends, will shape investor sentiment in the week ahead. Markets are hopeful of continuing the positive momentum after a strong finish to FY24. Factors such as the RBI's Monetary Policy Committee meeting, auto sales data, rupee-dollar trends, crude oil prices, and foreign investment activity will be closely monitored. Additionally, US economic data and Federal Reserve Chairman Jerome Powell's speech will impact market sentiment. Despite anticipated volatility, market outlook remains positive, driven by domestic and global economic indicators.
Read More.| March 11, 2024, 3:18 a.m.
Domestic Markets Set to Open Flat on Monday Amid Global Uncertainty
Domestic markets are poised for a flat opening on Monday, with investors awaiting cues from mixed global trends. While Nifty futures at Gift City indicate a gap-up opening, most Asian equities are facing downward pressure. Analysts highlight the significance of overseas markets, particularly the behavior of foreign portfolio investors, in guiding market direction. Positive factors such as FPI inflows, regulatory announcements, and robust corporate performance in India are expected to mitigate uncertainties. However, global factors like profit-taking in US markets and scheduled macroeconomic data releases may introduce volatility in the near term.
Read More.Stories
Highlights of India Budget 2024: Finance Minister announces 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin (PMAY-G) . No changes to income tax slabs.
Budget 2024 Key Highlights: Fiscal deficit target for 2024-25 at 5.1% of GDP; no changes to income tax slabs
No Major Tax Changes in Interim Budget, Focus on Growth
Fiscal Deficit Target Lowered to 5.8% in Interim Budget
Infrastructure, Digital Push to Drive Growth in Interim Budget
Education Sector Seeks Higher Allocation, NEP Implementation in Budget
Sitharaman Presents Interim Budget, Focuses on Fiscal Consolidation and Growth
Sitharaman's Last Budget Before 2024 Elections Focuses on Rural India
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