Inflation data, global trends to guide markets this week: Analysts

 Inflation data, global trends to guide markets this week: Analysts


data and global trends would be the major driving factors for the equity this week which after a record-breaking run took a breather in recent trades, analysts said.


The overall market sentiment remains positive, supported by improving economic data and earnings but higher valuations can trigger bouts of profit booking, they said further.





During the last week, which the 30-share BSE benchmark rose by 175.12 points or 0.30 per cent.


“Global cues will continue to impact our market’s behaviour and there are some macroeconomic data lined up this week like China’s industrial production, US numbers. On the domestic front, wholesale price index (WPI) for August 2021 is due on 14 September,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.


Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial…

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