Markets Eye Q1 GDP, Crude Oil, US Jobs Data Ahead of Fed Policy Decision
Indian markets will be driven by several key factors this week, according to analysts. The domestic Q1 GDP data, crude oil prices, and US non-farm payrolls are all expected to influence stock market sentiment.
The US employment report is crucial for the Federal Reserve's September policy decisions and global market sentiment. Foreign portfolio investors have maintained their buying trend in Indian equities during August, with a total infusion of Rs 30,919 crore.
Elevated energy prices and geopolitical tensions are impacting domestic growth and commodity prices. India's Q1 GDP data will be released on August 31, while the US non-farm payrolls report is scheduled for September 4.