Stock market set to be influenced by PMI, auto sales, FII activity, and economic data this week

This week, the stock market in India is set to be influenced by various key factors such as auto sales figures, PMI data, FII activity, and global economic updates. Bajaj Broking Research highlights the significance of several economic data releases scheduled between June 30 and July 4, impacting both the Indian and US markets.

Key data to look out for includes India’s industrial production figures for May, providing insights into the country’s manufacturing output, set to be disclosed on June 30. Additionally, details regarding the current account for the initial quarter will be unveiled on the same day.

Moving forward, on July 1, India’s Manufacturing PMI for June will be released by S&P Global, alongside the monthly sales figures from various auto companies. Furthermore, on July 3, S&P Global will also publish the Services PMI, painting a broader picture of the Indian economy’s performance.

These releases will play a significant role in guiding market movements and investor sentiments this week. Traders and investors will closely monitor these economic indicators to gauge the health and performance of various sectors within the economy, helping them make informed decisions regarding investments.

Additionally, Foreign Institutional Investor (FII) activity will also be a crucial factor influencing market trends. The participation and investment decisions of FIIs can sway market movements, as their buying and selling activities impact stock prices and overall market sentiment.

Globally, developments in the international economic landscape will also be closely watched by market participants. Any significant news or updates regarding global trade, economic policies, or geopolitical events can influence Indian markets, as they are interconnected with the broader global economy.

Therefore, as the week progresses, market participants will keep a close eye on these various economic indicators, data releases, and external factors to navigate the stock market effectively. By staying informed and analyzing the available information, investors can make well-informed decisions and adapt their strategies based on the evolving market conditions.