Stock market outlook: Q2 results, macro data in focus; global trends and FII flows to guide investors’ sentiment this week
Quarterly earnings, a slew of macroeconomic data releases, and global market trends are set to drive Indian equities in a holiday-shortened week, analysts said. The domestic stock markets will remain closed on Wednesday for the Guru Nanak Gurpurab holiday.“The holiday-shortened week is expected to remain eventful, with multiple key data releases and major corporate earnings lined up. On the macroeconomic front, attention will turn to the final readings of the HSBC manufacturing PMI, as well as the HSBC services and composite PMI data, which will offer cues on domestic growth momentum,” said Ajit Mishra, SVP – Research, Religare Broking Ltd, PTI quoted.On the earnings front, several heavyweights are scheduled to announce…
