Live
- Amid rumours of rift between Aishwarya-Abhishek, Shweta makes this kind gesture
- Sree Leela and Naveen Polishetty to Grace Aha's Unstoppable with NBK Season 4
- Manufacturing sector driving up warehouse property deals in India’s top cities
- Is Fadnavis Set to Become CM of Maharashtra? Here's What Ramdas Athawale Said
- EC announces schedule for by-election of three Rajya Sabha Seats in AP
- Bank guarantee waiver to help telcos expand networks, upgrade tech: Industry
- Constitution Day 2024: Year-Long Celebrations Kick Off with President’s Address
- MUDA case: K'taka HC adjourns hearing of plea for CBI probe to Dec 10
- AP High Court adjourns hearing on Ram Gopal Varma's anticipatory bail petitions
- Russian Cosmonauts Respond to Unusual Odor on the ISS
RBI policy, macro data points to guide markets
The RBI's interest rate decision, key macroeconomic data points and global trends would drive the market in a holiday-shortened week ahead, say analysts.
New Delhi: The RBI's interest rate decision, key macroeconomic data points and global trends would drive the market in a holiday-shortened week ahead, say analysts.
Markets would remain closed on Wednesday for Id-Ul-Fitr. Meanwhile, official data released after market hours on Friday showed that India's economic growth rate slowed to a five-year low of 5.8 per cent in January-March 2018-19 due to poor performance of agriculture and manufacturing sectors.
The eight core sector industries too witnessed a slowdown in April, with growth rate slipping to 2.6 per cent.
There was, however, some relief on the government finances front, as the fiscal deficit for 2018-19 remained within the revised Budget target of 3.4 per cent of the GDP.
Markets may react to these numbers on Monday but slowing GDP growth has increased the chances of a rate cut by the RBI on June 6, which will be welcomed by participants, analysts said.
"On global front, US-China trade wars along with rise in oil price will determine further trend. We continue to remain optimistic on equity markets," said Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas.
Post the announcement of key portfolios in the newly elected government, focus will shift towards various economic reforms and policies, experts added.
