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, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note. The RBI’s Monetary Policy Committee (MPC) is set to start its three-day meeting deliberating interest rates and analyzing the state of the economy on April 3 and will end on April 5. Companies will announce the monthly sales numbers for March starting from April 1. The rupee-dollar trend, movement of global oil benchmark Brent crude, and investments made by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also influence trading in equity markets. US Fed Reserve Chairman Jerome Powell’s speech is scheduled for April 3, and data like the US ISM manufacturing PMI for March will be declared on April 1. US non-farm payrolls data and the unemployment rate for March will be announced on April 5. The market capitalization of BSE-listed companies soared by Rs 1,28,77,203.77 crore to Rs 3,86,97,099.77 crore in FY24. The outlook for the market will be guided by major global and domestic economic data, automobile sales, US and India manufacturing Purchasing Managers’ Index (PMI), US job openings, factory orders, and US non-farm payrolls, and unemployment rate. The RBI’s monetary policy committee will meet from April 3-5, 2024, and decide on policy rates. The monetary policy statement will provide important cues on the economy, inflation, and interest rates. Last week, the BSE benchmark climbed 819.41 points or 1.12 percent, and the NSE Nifty advanced 230.15 points or 1.04 percent.

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https://www.financialexpress.com/market/rbis-interest-rate-decision-macro-data-global-factors-to-dictate-mkt-trends-this-week-analysts-3442014/