Read more about Market Ahead Podcast, May 31: Factors that could guide markets this week on Business Standard. GDP data for the March quarter is slated to be out on Monday along with the core sector data for April
SGX Nifty negative; hints at gap-down start for stock market indices freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The MPC's interest rate decision, a host of macroeconomic data announcements, COVID-19 trends and global factors would be the major highlights in the equity market this week and their outcome would be a major driving force going ahead, analysts said.
Nifty futures on the Singapore Exchange traded 74 points, or 0.48 per cent, lower at 15,418.5 signaling that Dalal Street was headed for a negative start on Monday.
The National Statistical Office will release GDP growth estimates for March 2021 quarter as well as provisional annual estimates for 2020-21 on Monday. The Indian economy is estimated to show growth rather than contraction during January-March (Q4) of FY 2020-21, according to an ET poll.