New Delhi, Aug. 30 -- Trading sentiment in the stock market this week will be largely guided by the domestic GDP data announcement, crude oil prices, and the US non-farm payrolls report, analysts said.
Besides, macroeconomic data announcements, auto sales numbers and trading activity of foreign investors would also guide movement in the market going ahead, they added.
"On the domestic front, first-quarter GDP data will be important factor for broader risk sentiment, offering greater clarity on the pace of domestic growth against the backdrop of elevated energy prices and an unresolved Middle East conflict that has disrupted global supply lines and contributed to higher commodity prices," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said.
"Markets will look ahead to the August jobs report, due September 4, along with the next inflation reading, as key data points in determining whether the recently increased expectations of a September rate hike hold or ease," Ponmudi said.
Published by HT Digital Content Services with permission from Millennium Post.