New Delhi: Geopolitical developments between India and Pakistan, quarterly earnings and macro data will be the key drivers of stock markets in the holiday-shortened week,
say analysts.
Trading activity of foreign investors, who were sustained buyers in the Indian market last week, and global trends would also guide movement in the market, they said.
Equity markets will remain closed on Thursday for ‘Maharashtra Day’.
Further updates related to tariffs will also be watched by investors, experts noted.
Stock markets witnessed profit-taking in the last two sessions due to increased geopolitical tensions between India and Pakistan following the death of 26 people in a terror attack on tourists at Pahalgam in Jammu and Kashmir.
“The upcoming holiday-shortened week also marks the beginning of a new month, making monthly auto sales data a key area of focus for market participants. On the macroeconomic front, investors will closely track the Index of Industrial Production (IIP) data and the HSBC manufacturing
PMI data.