NEW DELHI: RBI interest rate decision, macroeconomic data and global trends would guide markets' movement this week, analysts said. Besides, trading activity of foreign investors and the last batch of Q1 earnings announcements would also guide trends in equities. "The last batch of Q1 earnings will drive stock-specific movements. "Going forward, the chances of further consolidation seem elevated due to premium valuations, weak Q1 results, and ongoing global market consolidation. Movement of global oil benchmark Brent crude and rupee-dollar trend would also dictate trends in the market.

Source: Indian Express August 04, 2024 08:08 UTC