How the Indian Share Market will move this Week?
Let's read the Week Ahead.
Expiry of September series, scheduled monetary policy, and macroeconomic data will dictate the trend of the industry in the near
term.
The presidential debate on Tuesday will also be a major event to
global Markets in the coming week.
The market may remain volatile as traders roll over positions in
the futures & options from the near
month September 2016 series to October 2016 series. The near month September
2016 derivatives contracts expire on Thursday, 29 September
2016.
Investors will continue to track the progress of monsoon rains.
On the domestic front, The
Reserve Bank of India (RBI) will unveil its fourth bi-monthly monetary policy
statement by 4 October 2016.
Interest rate-sensitive sectors may see some action ahead of the
monetary policy.
The Centre named three external in economics as the external
appointees on the monetary policy committee that will work with the Reserve Bank
of India’s three members to decide interest rates.
The three external members are Pami Dua, Chetan Ghate, and Ravindra
Dholakia.
The RBI will set interest rates according to the majority view of
the six-member monetary policy committee, with the Governor having the
casting vote in case of a tie.
On
the global front,
US New Home Sales data for August 2016 will be disclosed on Monday, 26 September
2016.
USD Composite PMI and Services PMI will be released on Tuesday,
September 27, 2016.
In this sequence, US Gross Domestic Product (GDP) data for the second quarter will be viewed on Thursday, 29 September 2016.
US Pending Home Sales data for August 2016 will be unveiled on the same day.
UK GDP data for the second quarter (Q2) will be unveiled on
Friday, 30 September 2016.
Happy Investing!!
