Indian Equities Poised for Gains as Investors Gear Up for Data-Packed Week
Indian equities set to start with mild gains, Nifty futures trading higher by 0.08 per cent, global markets strong, Fed's inflation gauge assures rate cut
Indian EquitiesNiftySensexGlobal MarketsFeds Inflation GaugeReal Estate NewsSep 02, 2024
Global markets are also trading strong as investors brace for a data-packed week. Most Asian markets are up, except for Hong Kong's Hang Seng, which is down over 1.5 per cent due to concerns about cooling liquidity for the real estate sector.
US markets, on the other hand, ended higher on Friday, with both NASDAQ and S&P 500 indices up over 1 per cent. The markets are also factoring in the Fed's inflation gauge, which has assured a rate cut in the September meet. However, the jobs report later this week will reveal the quantum of the cut.
Optimism on Dalal Street is further fueled by a 3.1% drop in WTI crude futures and strong FII buying of Rs 9,217 crore last week. Investors are now eyeing the August US jobs report, set to be released on September 6th, which could shape the Fed's next move, according to Prashanth Tapse, Senior VP (Research), Mehta Equities.
The markets are also keeping an eye on the upcoming data releases, including the US jobs report and the Fed's inflation gauge. These numbers will provide insights into the state of the economy and influence the Fed's decision on interest rates.
With the data-packed week ahead, investors are advised to stay cautious and keep a close eye on market developments. The rally in Indian equities is expected to continue, but it's essential to be prepared for any potential volatility.
Mehta Equities is a leading research firm that provides insights and analysis on the Indian stock market. The company's research team, led by Prashanth Tapse, provides recommendations and guidance to investors.
boAt is a popular brand that offers a range of audio products, including headphones and earbuds. The company recently launched its latest product, Nirvana IVY, which features 360° spatial audio and dynamic head tracking.
Information
The US Federal Reserve is scheduled to meet in September to decide on interest rates. The market is expecting a rate cut, but the magnitude of the cut will depend on the upcoming data releases, including the US jobs report.
Mehta Equities is a leading research firm that provides insights and analysis on the Indian stock market. The company's research team, led by Prashanth Tapse, provides recommendations and guidance to investors.
Frequently Asked Questions
What is the current trend in Indian equities?
Indian equities are set to start with mild gains, with Nifty futures trading higher by 0.08 per cent.
What is the expected outcome of the Fed's meeting in September?
The market is expecting a rate cut, but the magnitude of the cut will depend on the upcoming data releases.
What is the significance of the US jobs report?
The US jobs report will provide insights into the state of the economy and influence the Fed's decision on interest rates.
What is the latest product launched by boAt?
boAt has launched its latest product, Nirvana IVY, which features 360° spatial audio and dynamic head tracking.
Who is Prashanth Tapse?
Prashanth Tapse is the Senior VP (Research) at Mehta Equities, a leading research firm that provides insights and analysis on the Indian stock market.
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