RBI's interest rate decision, macro data, global factors to dictate mkt trends this week: Analysts
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The Reserve Bank of India's interest rate decision, macroeconomic data, and global trends will drive investors' sentiment this week. The RBI's Monetary Policy Committee (MPC) will start its three-day meeting on April 3 to deliberate interest rates and analyze the state of the economy. Auto stocks will be in focus as companies announce monthly sales numbers for March. The rupee-dollar trend, crude oil prices, and investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also influence trading. US Fed Reserve Chairman Jerome Powell's speech and US economic data will be closely monitored. The BSE Sensex and Nifty had strong performances in FY24, with the Sensex climbing 24.85% and the Nifty soaring 28.61%. The market capitalization of BSE-listed companies increased by Rs 1,28,77,203.77 crore in FY24. The outlook for the market will be guided by major global and domestic economic data, India automobile sales, and the RBI's monetary policy statement.

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https://timesofindia.indiatimes.com/business/india-business/rbis-interest-rate-decision-macro-data-global-factors-to-dictate-mkt-trends-this-week-analysts/articleshow/108918396.cms