Markets to focus on macro data, foreign investors activity: Analysts

Macroeconomic data announcements, global trends and trading activity of foreign investors would dictate the equity markets this week, analysts said. Marketmen will also focus on the Annual General Meeting of Reliance Industries Ltd which will be held on Monday. "This week's focal point is the eagerly awaited Reliance Annual General Meeting (AGM) on Monday, August 28. This event is poised to have some impact on the market's trajectory. Shifting to the macroeconomic landscape, India is set to reveal its Q2 GDP figures on Thursday, shedding light on the nation's economic performance. "Manufacturing Purchasing Managers' Index (PMI) data will be disclosed on Friday," said Santosh Meena, Head of Research, Swastika Investmart Ltd. He further added that Friday will feature the disclosure of the US unemployment rate and nonfarm payroll statistics. Cues from China, foreign investor activities, and fluctuations in the dollar index and US bond yields will play a pivotal role in shaping market

from Markets https://ift.tt/mbgZ81n