Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > Cabinet rejig, macro data to set stage for markets

Cabinet rejig, macro data to set stage for markets

Monday, September 04, 2017

Stock market this week will weigh in on August services sector data and largely look up to global trends for direction, say experts.

Investors will also digest the Cabinet reshuffle announced yesterday, they added. "On the domestic scene, we feel the lower-than-expected April-June GDP data, in an economy which is already witnessing low corporate earnings, would carry a negative overhang. In addition... The Cabinet reshuffle would also have a bearing on the markets in the week ahead," said Arun Gopalan, Head, Research and Funds, Wealth Management, Systematix Shares and Stocks.

PMI data for the services sector for August is due on Tuesday, which would dictate market sentiment, analysts said.

"While a lot of economic numbers will be thrown at the markets this week, they are unlikely to stop the markets from moving ahead. The chief among them is the ECB meeting," said V K Sharma, Head PCG and Capital Market Strategy, HDFC Securities.

"Any positive development in the global market and prolonged buying from domestic mutual funds and DIIs will keep a positive vibe in the market," said Vinod Nair, Head of Research, Geojit Financial Services.

Markets may on Monday react to the US jobs data which came out on Friday. Over the last week, both the Sensex and the Nifty surged 296.17 points, or 0.93%, and 117.35 points, or 1.19%, respectively.

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
I recently got married. It was an arranged marria
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You will travel to sign new contract or conclude an earlier task. Good news arrives through mail or is conveyed over the phone. You will reap the benefits of the hard work and consistent efforts put in by you. Your efforts will be rewarded by perks and compensations. If you have been ill or out of sorts, you will be feeling better. You can expect friends and well wishers to get in touch to ask after you.
- Advertising -
First-of-Its-Kind Program from acclaimed Zicklin
The Real Estate Management Institute- REMI, after
eLearning trends will provide several pointers th
Read More