Despite tensions in the Red Sea due to attacks by Houthi militants near Yemen, crude oil futures settled sharply lower on Friday as concerns about the outlook for demand and the recent data showing a jump in U.
Traders will be tracking HSBC Composite PMI Flash, HSBC Manufacturing PMI Flash, and HSBC Services PMI Flash, scheduled to be released on February 22. On the same day, monetary policy meeting minutes are going to be released.
This week, the Indian market performance and projection is likely to be influenced by key economic data this week, including the Consumer Price Index, Industrial Production, and trade balance.
This week, investors will be focusing on remaining Q3 results, RBI’s interest rate decision, deposit growth and bank loan growth data in India, along with balance of trade in the US, these are the major events that will keep the markets buzzing
This week, investors will be focusing on the quarterly results of some major companies. Besides the F&O expiry, Bank Loan Growth data in India, along with GDP Growth Rate in the US are major market events that will keep the markets buzzing.