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US-China trade talks, macroeconomy to drive Indian equities
TIWN
US-China trade talks, macroeconomy to drive Indian equities
PHOTO : TIWN

Mumbai, Nov 17 (TIWN) After a subdued trade in the week gone by, the Indian equity market is likely to be largely impacted by progress in the US-China trade talks, and also developments in the country's macroeconomic front in the coming days, analysts said.

As the earnings season ended last week, the markets would look for news factors from here on, they said.  "Indian equity markets were lackluster and range-bound this week. Market sentiments turned somewhat negative post weak macroeconomic data releases throughout the week, Moody's Investors Service cut in its rating outlook for India and the absence of fresh triggers in near term. Weak macro data (IIP, CPI Inflation) raised concerns on the growth outlook of the economy," said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.  "The earnings season came to an end today and thus the focus from next week will shift to the measures (both fiscal and sector specific), that the government is likely to take to revive growth. Investors would also keep a watch for GDP data to be released at month-end and clarity over the US-China trade deal which would give direction to the markets," he added.  GDP data for the quarter-ended September will be released on November 29 and expectations are that the growth numbers are likely remain subdued after the first quarter GDP growth rate declined to a six-year low of 5 per cent.

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