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Mint
3 days ago
- Business
- Mint
RBIs interest rate decision, macroeco data, global trends to drive stock mkts this week: Analysts
New Delhi, RBI's interest rate decision, macroeconomic data announcements and global trends are the key factors that would dictate the momentum in the equity market this week, analysts said. Moreover, trading activity of Foreign Institutional Investors and developments on the tariffs front would also guide investors' sentiment, experts noted. "Looking ahead, all eyes will be on the outcome of the RBI's Monetary Policy Committee meeting scheduled for June 6. Additionally, with the new month beginning, participants will track high-frequency data including auto sales numbers and other economic indicators. Updates on the progress of monsoon and the trend in FII flows will also be closely monitored," Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Globally, developments in the US bond market and any updates regarding the ongoing trade negotiations will continue to influence investor sentiment, he added. The Indian economy expanded at a faster pace than expected in the last quarter of the 2024-25 fiscal, helping clock a 6.5 per cent growth rate in the year that elevated its size to USD 3.9 trillion and held promise of crossing the world's fourth-largest economy Japan in FY26. The economy grew at 7.4 per cent in January-March - the fourth and final quarter of April 2024 to March 2025 fiscal - reflecting a strong cyclical rebound that was helped by a rise in private consumption and robust growth in construction and manufacturing. Meanwhile PMI data for manufacturing and services sectors to be announced this week would also influence trading in the market. "This week, interest rate-sensitive sectors—particularly PSU banks—are likely to remain in focus amid growing hopes of an RBI rate cut. Additionally, the release of monthly auto sales and volume data could trigger sector-specific moves in the automobile space," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. Last week, the BSE benchmark declined 270.07 points or 0.33 per cent and the NSE Nifty dipped 102.45 points or 0.41 per cent. Vinod Nair, Head of Research, Geojit Investments Limited, said, "The market is pricing in a 25 bps cut, which will improve the outlook for rate-sensitive sectors. The positive macroeconomic scripts can boost investor sentiments, but stability in the broader market will be contingent on strong earnings growth and receding trade tensions." This article was generated from an automated news agency feed without modifications to text.
Mint
6 days ago
- Business
- Mint
Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Trump Tariffs to US GDP
Indian stock market: The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday following weak sentiment in global markets. Asian markets traded lower, while the US stock market ended higher overnight after an appeals court reinstated President Donald Trump's reciprocal tariffs. On Thursday, the Indian stock market ended higher led by fag-end buying in select blue-chip stocks. The Sensex gained 320.70 points, or 0.39%, to close at 81,633.02, while the Nifty 50 settled 81.15 points, or 0.33%, higher at 24,833.60. 'In the absence of any major domestic triggers, participants should continue to closely monitor global markets and the performance of banking and financial majors for cues on the next directional move. Meanwhile, with ample short-term trading opportunities available across sectors, the focus should remain on stock selection and gradually accumulating fundamentally strong counters during this phase,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Here are key global market cues for Sensex today: Asian markets traded lower on Friday as sentiment weakened amid uncertainties over the judicial developments surrounding the US President Donald Trump's 'reciprocal' tariffs. Japan's Nikkei 225 fell 1.55%, while the Topix index declined 1%. South Korea's Kospi index dropped 0.4%, while the Kosdaq fell 0.44%. Hong Kong's Hang Seng index futures indicated a weaker opening. Gift Nifty was trading around 24,940 level, a discount of nearly 2 points from the Nifty futures' previous close, indicating a muted start for the Indian stock market indices. US stock market ended higher on Thursday as investors digested a court ruling that reinstated the most sweeping of President Donald Trump's tariffs. The Dow Jones Industrial Average gained 117.03 points, or 0.28%, to 42,215.73, while the S&P 500 rose 23.62 points, or 0.40%, to 5,912.17. The Nasdaq Composite closed 74.93 points, or 0.39%, higher at 19,175.87. Nvidia share price rallied 3.2%, Tesla stock price rose 0.43%, and Boeing shares gained 3.3%. Salesforce stock declined 3.3%, while Best Buy shares plunged 7.3%. A federal appeals court temporarily reinstated the most sweeping of President Donald Trump's tariffs. The United States Court of Appeals for the Federal Circuit in Washington said it was pausing the lower court's ruling to consider the government's appeal. The US economy contracted less than estimated in the first three months of this year. US GDP (gross domestic product) decreased at an annual rate of 0.2% in the January to March period, slightly less than the initial estimates of a 0.3% decline. It was still a sharp departure from 2.4% growth in the final quarter of 2024, confirming a first contraction since 2022. President Trump called Federal Reserve Chair Jerome Powell to the White House and told the central bank chief he was making a 'mistake' by not lowering interest rates. 'Chair Powell did not discuss his expectations for monetary policy,' the Fed said in a statement after the meeting, 'except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook.' The number of Americans filing new applications for jobless benefits increased more than expected last week and the unemployment rate appeared to have picked up in May. Initial claims for state unemployment benefits rose 14,000 to a seasonally adjusted 240,000 for the week ended May 24. Economists polled by Reuters had forecast 230,000 claims for the latest week. Japan's factory output fell in April by 0.9% from the previous month, better than a median market forecast for a 1.4% drop. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to increase 9.0% in May and decline 3.4% in June. Japanese retail sales rose 3.3% in April from a year earlier, more than the median market forecast for a 3.1% increase. Jobless rate in April was unchanged at 2.5% from last month, as against the median forecast of 2.5%. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
25-05-2025
- Business
- Time of India
Stock market in upcoming week: Global cues, foreign fund trends to drive momentum
Indian equities, over the upcoming week, are expected to be driven by a combination of domestic macroeconomic data, global cues, and foreign investor activity in the coming week, analysts said. Equity benchmarks ended the previous week on a muted note, weighed down by ongoing global uncertainties. The BSE Sensex fell 609.51 points or 0.74%, while the NSE Nifty declined 166.65 points or 0.66%. Ajit Mishra, senior vice president of research at Religare Broking Ltd said that subdued performance was driven by a combination of global and domestic factors. 'On the global front, rising US bond yields and concerns over the United States' mounting debt burden triggered foreign portfolio outflows, putting pressure on emerging markets, including India,' Mishra told PTI. In the upcoming week, investors will be closely tracking the release of key macroeconomic data. India's industrial and manufacturing output data for April, due on May 28, and the first quarter GDP figures will offer critical insights into the pace of economic recovery. Additionally, updates on monsoon progress will be keenly followed, given their impact on inflation and rural demand. Globally, the market will stay alert to developments in the US bond market, the minutes from the Federal Reserve's latest policy meeting, and progress in India-US trade negotiations—all of which could sway investor sentiment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo 'Moreover, the scheduled monthly expiry of May derivatives contracts and the final leg of the Q4 earnings season with results from key companies like Bajaj Auto, Aurobindo Pharma and IRCTC will remain in focus,' Mishra added. Another key trigger is expected to be the Reserve Bank of India 's (RBI) record dividend payout of Rs 2.7 lakh crore to the government for FY25—27.4% higher than last year. Analysts believe this could offer significant fiscal support at a time when the government is navigating higher defence spending and external tariff challenges. "Markets are expected to remain firm, with participation likely from the broader market segments as macro and earnings tailwinds continue to provide support. Investors will also be closely watching key data releases this week, including quarterly GDP figures for both India and the US," said Siddhartha Khemka, head of research at Motilal Oswal Financial Services. The RBI dividend transfer will be among the first developments that investors respond to on Monday, with possible implications for bond yields and fiscal policy expectations. "Given the continued uncertainty surrounding the US economy, foreign investment flows, and trade negotiations, Indian markets may see a phase of consolidation in the near term," noted Gaurav Garg, Analyst at Lemonn Markets Desk. Vinod Nair, head of research at Geojit Financial Services, added that while strong domestic macroeconomic indicators and optimism around the RBI dividend are encouraging, persistent FII outflows remain a concern. "Investor attention is further revolving around US-India trade talks and strong domestic macroeconomic indicators. However, recent FII outflows, driven by rising US bond yields amid concerns over mounting US debt, may weigh on the market sentiment," he said. Nair added that hopes for fiscal consolidation have been lifted by optimism revolving around RBI's potentially record-high dividend. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
25-05-2025
- Business
- Business Standard
Equity markets to eye macro data, RBI dividend, global trends this week
Movement in the equity market this week will be guided by a host of macroeconomic data announcements, global trends and trading activity of foreign investors, analysts said. Stocks markets concluded the last week on a subdued note, as investors grappled with global uncertainties. "The market's muted performance was driven by a combination of global and domestic factors. On the global front, rising US bond yields and concerns over the United States' mounting debt burden triggered foreign portfolio outflows, putting pressure on emerging markets, including India," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. In the week ahead, the release of India's industrial and manufacturing production data for April, scheduled for May 28, along with the Q1 GDP growth figures, will offer insights into the economic recovery trajectory. Updates on the progress of monsoon will also be closely monitored, he said. On the global front, developments in the US bond market, the release of FOMC (Federal Open Market Committee) minutes, and progress in the India-US trade negotiations will continue to influence market sentiment, Mishra said. "Moreover, the scheduled monthly expiry of May derivatives contracts and the final leg of the Q4 earnings season with results from key companies like Bajaj Auto, Aurobindo Pharma and IRCTC will remain in focus," Mishra added. Last week, the BSE benchmark dropped 609.51 points or 0.74 per cent and the NSE Nifty declined 166.65 points or 0.66 per cent. "Looking ahead, markets are expected to remain firm, with participation likely from the broader market segments as macro and earnings tailwinds continue to provide support. Investors will also be closely watching key data releases this week, including quarterly GDP figures for both India and the US," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said. The Reserve Bank on Friday announced a record Rs 2.69 lakh crore dividend to the government for FY25, 27.4 per cent higher than 2023-24, helping the exchequer to tide over challenges posed by US tariffs and increased spending on defence due to the conflict with Pakistan. In the week ahead, market participants will first react to the RBI's record dividend transfer of Rs 2.7 lakh crore to the government and its implications for fiscal policy, Mishra said. "Given the continued uncertainty surrounding the US economy, foreign investment flows, and trade negotiations, Indian markets may see a phase of consolidation in the near term," Gaurav Garg, Analyst, Lemonn Markets Desk, said. The market has been volatile throughout the last week amid concerns over US fiscal health due to rising debt, an expert said. Vinod Nair, Head of Research, Geojit Investments Limited, said, "Investor attention is further revolving around US-India trade talks and strong domestic macroeconomic indicators. However, recent FII outflows, driven by rising US bond yields amid concerns over mounting US debt, may weigh on the market sentiment." Optimism around a potentially record-high dividend from the RBI is boosting hopes for fiscal consolidation, reflected in falling Indian bond yields, Nair added.
Hans India
24-05-2025
- Business
- Hans India
Mixed sectoral performance for Indian stock markets this week
The Indian stock markets concluded the week on a subdued note, as investors grappled with global uncertainties and awaited key domestic developments. The benchmark indices experienced volatility, with the Sensex and Nifty oscillating within a narrow range before closing marginally lower. The Nifty settled at 24,853.15, while the Sensex ended at 81,721.08, reflecting cautious investor sentiment. According to market watchers, the muted performance was driven by a combination of global and domestic factors. 'On the global front, rising US bond yields and concerns over the United States' mounting debt burden triggered foreign portfolio outflows, putting pressure on emerging markets, including India,' said Ajit Mishra, SVP, Research, Religare Broking Ltd. Additionally, speculation around favourable developments in the US-China trade deal raised concerns about potential capital outflows or reduced inflows into Indian markets, further denting sentiment. On the domestic front, mixed corporate earnings and delays in finalising the India-US trade agreement added to the uncertainty, prompting profit-booking and a guarded stance among market participants, he added. The week saw a mixed sectoral performance. Realty and metal sectors remained top performers for the second consecutive week, while auto, IT, and FMCG sectors edged lower. Among broader indices, the smallcap segment managed to gain nearly half a percent, whereas the midcap index ended with marginal losses. On the thematic front, select stocks in the defence space continued to attract buying interest. According to analysts, expectations of a normal monsoon, which is favourable for agricultural productivity, combined with declining crude oil prices, are likely to keep inflationary pressures subdued. In the week ahead, market participants will first react to the RBI's record dividend transfer of Rs 2.7 lakh crore to the government and its implications for fiscal policy. Additionally, the release of India's industrial and manufacturing production data for April, scheduled for May 28, along with the Q1 GDP growth figures, will offer insights into the economic recovery trajectory, said experts.
