Market course hinges on macro-data, oil prices

Market course hinges on macro-data, oil prices
Highlights

Upcoming macro-economic data points, coupled with the commencement of parliament\'s winter session and global cues, especially crude oil prices, are expected to determine the trajectory of the key equity indices in the coming week.

Mumba: Upcoming macro-economic data points, coupled with the commencement of parliament's winter session and global cues, especially crude oil prices, are expected to determine the trajectory of the key equity indices in the coming week.

According to market observers, other factors like the expectations on the outcome of the Gujarat assembly elections, along with the direction of foreign fund flows and the rupee's movement against the US dollar will also impact investors' risk-taking appetite.

"The macro-economic data, trend in global markets, investment by FPIs (foreign portfolio investors) and DIIs (domestic institutional investors), the movement of rupee against the US dollar and crude oil price movement will dictate trends on the bourses next week," said DK Aggarwal, Chairman and Managing Director of SMC Investments & Advisors.

"In the coming week, Nifty is expected to trade in the range of 10,100-10,400 points." In terms of economic indicators, the automobile industry's November sales data and Balance of Trade figures are expected to be released on Monday. Other macro-data points like the IIP and CPI will be released by the Central Statistics Office (CSO) on December 12 (Tuesday).

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