The Future Ai

Inflation data, global cues in focus

Investors will also monitor inflation data from both India and the United States during the week for cues on interest rate trajectories.According to Siddhartha Khemka, head of research, wealth management at Motilal Oswal Financial Services, India’s April CPI inflation data and US inflation indicators, including CPI and PPI figures, would be key triggers for markets.“Indian equities are expected to remain highly sensitive to geopolitical developments in the near term, with markets likely to trade within a broader range,” Khemka said.He added that the US inflation readings could influence expectations around Federal Reserve rate cuts, yi bondelds and overall global risk sentiment.

Earnings season enters final phase

Market participants will also track quarterly earnings announcements from major companies including Canara Bank, Tata Power, Bharti Airtel, DLF, Hindustan Petroleum Corporation Limited and JSW Steel this week.Santosh Meena of Swastika Investmart told PTI that foreign institutional investor (FII) flows, crude oil prices and rupee movement would continue to dictate the direction of large-cap stocks.Foreign investors have already pulled out Rs 14,231 crore from Indian equities so far this month amid global macroeconomic uncertainty, according to PTI.Last week, the BSE Sensex gained 414.69 points, or 0.53 per cent, while the NSE Nifty rose 178.6 points, or 0.74 per cent.