THE domestic equity market, which is on a record-breaking spree, will focus on macroeconomic data announcements, movement in global stocks and the US Fed minutes to get further direction, analysts said. Trading activity of Foreign Institutional Investors (FIIs) will also innfluence investors. From the domestic macroeconomic front, Purchasing Managers’ Index (PMI) data for the manufacturing sector will be released on Monday, and that of the services sector on Wednesday.

 

Investors, this week, will keenly watch major global market events, icluding the outcome of the Federal Open Market Committee (FOMC) minutes, scheduled to be out on Wednesday. “This week, the market will take cues from economic data to be released locally as well as globally. Investors would also watch out for FOMC minutes to get insights into the US Central Bank’s future course of direction,” Siddhartha Khemka, Head - Retail Research, Motilal

Oswal Financial Services Limited, said. Auto stocks will be in focus on Monday after declaring their sales data for June on Saturday. In global markets, investors will closely monitor the movement of crude oil prices, the dollar index and US bond yields, said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, analysts further said.