Mumbai, May 17 || For the Indian stock market, the upcoming week, from May 19 to 23, is expected to be driven by key global economic data releases and the continued positive impact of easing geopolitical tensions between India and Pakistan.
Investors will be closely tracking macroeconomic indicators from India, the US, and China, which could influence market sentiment and central bank policy outlooks, according to Bajaj Broking Research.
In India, the HSBC India Manufacturing PMI data, set to be released on May 22, will be in focus. This index will offer a snapshot of the health of the manufacturing sector and overall business confidence.
China will publish crucial economic figures on May 19, including Industrial Production and Retail Sales data.
These numbers are key to understanding the strength of the Chinese economy and its domestic consumption trends, both of which carry significant implications for global trade.
In the US, the week will start with MBA Mortgage Applications data on May 21, which will offer a view into the health of the housing sector.
This will be followed by Initial Jobless Claims and the S&P Global US Manufacturing PMI on May 22.
Both reports are key to understanding the state of the US job market and industrial activity.