Global factors to drive stock markets in holiday-shortened week: Analysts

Stock markets will be largely driven by global trends and macroeconomic data announcements in a holiday-shortened week which may see volatility amid monthly derivatives expiry, say analysts. Equity markets will remain closed on Monday for Gurunanak Jayanti. Trading activity of foreign investors and the movement of the rupee against the dollar will also be tracked by investors. "While global cues are relatively muted, market participants will closely monitor movements in crude oil prices, US bond yields, and the dollar index," said Santosh Meena, Head of Research, Swastika Investmart Ltd. From the domestic macroeconomic front, the GDP data for the July-September quarter will be released on Thursday and the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Friday. Auto companies would remain in the limelight amid monthly sales data announcements. "Markets will focus on the global and domestic macroeconomic data. Auto stocks will be i

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