GDP data, crude oil prices likely to drive stock markets in week ahead
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.
"The coming week is expected to remain highly eventful, with domestic GDP data and global economic releases likely to determine market direction.
India's Q1 FY27 GDP data will be released on August 31.
Investors will also monitor India's August manufacturing and services PMI readings, GST collections, foreign exchange reserves and movement in the rupee," Ajit Mishra SVP, Research, Religare Broking Ltd, said.
US employment data will remain the most important trigger, with the August non-farm payrolls report scheduled for September 4, he said.
"The outcome could significantly influence expectations regarding the Federal Reserve's September
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