India Stock Market Closely Watches Key Data Releases This Week

The Indian stock market has been in the green lately, but this week's data releases will be closely watched by both domestic and foreign institutional investors.

One key indicator to keep an eye on is Industrial Production (IIP) data, which will be released on July 28 for the month of June. A higher-than-expected growth rate would be a positive sign for equities.

The Manufacturing Production data, also out tomorrow, will provide crucial information for manufacturing, capital goods, auto and industrial stocks.

Government Budget Balance for June will be released on Friday, July 31, which is an indicator of fiscal health. A lower fiscal deficit would generally support the rupee and bond markets.

The Federal Reserve Interest Rate Decision on Wednesday is expected to remain at 3.75%, but guidance from the Fed Chair's press conference will drive global sentiment.