GDP data, crude prices among 7 factors likely to steer D-Street this week
Indian equities are likely to take cues from a slew of domestic and global factors this week, including India’s first-quarter GDP data, US jobs numbers, crude oil prices, institutional flows and global technology sentiment. Analysts expect the Nifty to remain in consolidation, with the technical setup balanced as investors track key resistance and support levels.
Indian equities are expected to be influenced by a variety of factors this week, including domestic and global economic data, crude oil prices, and institutional flows. On Friday, August 28, the BSE Sensex and NSE Nifty50 ended higher, ending a two-day losing streak. Market breadth was positive, with more stocks advancing than declining. Analysts noted that the Nifty 50 was in a consolidation phase, with resistance at higher levels.
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