The week ahead is set to be an event-heavy one for the stock markets, with movement highly dependent on macroeconomic data announcements, global trends, RBI's interest rate decision, and trading activity of foreign investors, according to analysts.
India's economy grew at a higher-than-expected 8.2 per cent – the fastest pace in six quarters – in July-September, as front-loading of production ahead of GST rates cut boosted consumption that helped offset the impact of steep US tariffs.
Ajit Mishra, SVP, Research, Religare Broking Ltd, said, "This week features a heavy data calendar that could influence volatility. Domestic focus will be on monthly auto sales, followed by the release of HSBC manufacturing, services, and composite PMI readings. The most crucial event will be the RBI's monetary policy on December 5, where commentary on inflation, growth, and the rate-cut outlook will be closely tracked."
Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said, "On the domestic front, the RBI's upcoming policy meeting will be the primary focus for market participants. November auto sales data from leading automobile manufacturers will also be closely watched, offering a real-time gauge of whether the post-GST demand recovery is sustaining."
Last week, the BSE benchmark climbed 474.75 points or 0.55 per cent, and the Nifty went up by 134.8 points or 0.51 per cent. On Thursday, the Sensex hit a record high of 86,055.86, and the Nifty reached its lifetime peak of 26,310.45.
