India Stock Market Closes in Green as Key Data Releases Loom

The Indian stock market kicked off July in green on Monday, and investors will be closely watching key data releases this week for cues to boost confidence. One of the crucial indicators is the Industrial Production (IIP) data, which is expected to be released on July 28 for the month of June.

A higher-than-expected growth rate would likely have a positive impact on equities, while manufacturing production and government budget balance will also provide insights into the country's economic health. The RBI's ability to manage currency volatility will be reflected in the foreign exchange reserves data, which is scheduled for release on Friday.

On the global front, markets are eagerly awaiting the Federal Reserve interest rate decision, expected to remain at 3.75%, but guidance from the Fed Chair's press conference will be closely watched. The initial jobless claims and core PCE inflation numbers will also provide valuable information about labor market strength and future monetary policy.

As per RS Wealth Management report, a reaction to these data points may be seen in industrials, capital goods, banking, infrastructure, and PSU stocks.