Macroeconomic Data

Equity mutual funds inflow drops 14% to Rs 35,943 crore in Nov: Amfi data

Equity mutual funds witnessed an inflow of Rs 35,943 crore in November, marking a drop of 14 per cent on a month-on-month basis, amid heightened volatility driven by various macroeconomic factors, geopolitical events and US election results. Despite this, it marked the 45th consecutive month of net inflows into equity-oriented funds, reflecting the growing popularity of mutual funds among investors, according to data from the Association of Mutual Funds in India (AMFI) released on Tuesday. "There was heightened volatility due to various macroeconomic factors, geopolitical events & US election results. This resulted in investors opting for wait & watch approach while allocating larger amounts and thus decline in lumpsum flows including flattish SIP numbers for November 2024," Akhil Chaturvedi, CBO, Motilal Oswal AMC, said. Overall, the mutual fund industry witnessed an inflow of Rs 60,295 crore in the month under review as compared to Rs 2.4 lakh crore in October. Despite the .

Global trends, RBI's rate decision key factors for mkts this week: Analysts

Trading sentiment in the equity market this week will be guided by global trends, foreign fund movement, macroeconomic data announcements and RBI's interest rate decision, analysts said. The monthly auto sales data announcement would also be tracked by investors this week. "Looking ahead, markets are likely to react to the disappointing GDP growth of 5.4 pc on Monday. The upcoming RBI policy will be crucial, with both the interest rate decision and commentary being key focus areas. "On the global front, geopolitical tensions, particularly the Russia-Ukraine situation, remains a concern. Important macroeconomic data such as manufacturing PMI from India, the US, and China, along with US jobs data and Fed Chair Jerome Powell's speech, will also influence market sentiment," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. India's economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturi

Monetary policy needs recalibration due to domestic reasons, not the Fed

Early reports suggest softer consumer demand at the beginning of the festive season, with discounts and incentives offered by automakers and online platforms to boost sales and clear inventory

Economists call on MoSPI to reduce time lag for release of GDP data

Nilesh Shah, Member, EAC-PM, MD Kotak Mahindra Asset Management Company Ltd suggested that MoSPI should look for avenues of improvement to ensure data accuracy and reduce time lag of release

India's Q1 GDP data: Investment, consumption growth picks up pace

Investment growth above 30 per cent is considered important for driving economic growth

India's GDP growth slows to 5-quarter low of 6.7% in April-June quarter

But gross value added growth picks up pace in Q1; rains, lower inflation may help in consumption recovery

BS@50: These 50 data points trace India's journey through past 5 decades

From trade numbers to consumption growth, Business Standard explains India's journey through 50 data points

Macro data, global cues to chart market direction this week: Analysts

Release of key macroeconomic numbers, monthly derivatives expiry, and global cues are likely to drive stock market movement this week, according to analysts. Markets will also be reacting to remarks made by the US Federal Reserve Chair Jerome Powell, they said. "This week, we expect the market to witness a gradual up-move with stock-specific action. The focus will shift to monthly F&O expiry as well as global cues. Markets on Monday would react to commentaries of the US Fed Chair at the Jackson Hole Symposium," Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services Ltd, said. US Fed Chair Jerome Powell on Friday signalled that the central bank would cut its interest rate in the September meeting. Powell made a crucial speech that laid the groundwork for future interest rate reductions. Powell said, "The time has come for policy to adjust". "The market has been expecting an interest rate cut during the next Federal Reserve meeting in September. There are ...

Eighth Economic Census likely next year; data for seventh awaited

Centre asks states, UTs to submit funds and manpower requirements to start work on 8th Census

Macroeconomic data, Q1 earnings to drive mkt sentiments this week: Analysts

Macroeconomic data announcements, the last batch of Q1 earnings and global trends are the major factors that would influence trading sentiments in the equity market in a holiday-shortened week ahead, analysts said. Besides, trading activity of foreign investors would also be a crucial factor in dictating movement in the market. Equity markets would remain closed on Thursday for Independence Day. "This week, all focus will be on the global markets as we can see the extension of weakness after a long period of stability. The Indian equity market could also witness some bit of levelling off this week as investors process recent gains and contend with high prices. Geopolitical tensions are also escalating, but markets are not reacting significantly, which is reflected in the declining crude oil prices," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. On the domestic front, the last batch of Q1 earnings will drive stock-specific movements. Hero MotoCorp, Hindalco a

RBI rate decision, global trends major factors to drive mkt: Analysts

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. HSBC PMI (Purchasing Managers' Index) for the services sector is scheduled to be announced on Monday. "This week, all focus will be on the global markets as we are seeing the first major signs of weakness after a long period of stability. This will test the strength of the Indian market, which has remained resilient due to strong domestic liquidity and a better macroeconomic outlook despite global headwinds and valuation concerns," said Santosh Meena, Head of Research, Swastika Investmart Ltd. On the domestic front, the upcoming RBI's monetary policy announcement on August 8 will be important, Meena added. "The last batch of Q1 earnings will drive stock-specific movements. Additionally, institutional flows will play a crucial role i

Macroeconomic data, global trends to drive markets this week: Analysts

Domestic macroeconomic data announcements, global trends and trading activity of foreign investors would guide market sentiments this week, analysts said. After a record rally, markets may face volatile trends this week amid elevated valuations and investors would also keep a track of global oil benchmark Brent crude and rupee-dollar movement for further cues. "Potential volatility in the stock market is anticipated this week. Elevated valuations remain a concern, with investors now focusing on monsoon progress and its impact on the rural economy. The upcoming Union Budget in July has become the next focal point, with high expectations for growth-oriented policies," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Market sentiment will be gauged by closely monitoring foreign and domestic institutional investors' activity (FII and DII) and crude oil prices, he said. On the global front, the US market has experienced some profit-booking from higher levels. Key ..

Macroeconomic data, global trends to drive mkt trends this week: Analysts

In a data-packed week, the domestic macroeconomic figures -- industrial production and inflation numbers -- along with global trends would dictate trends in the equity market this week, analysts said. According to experts, markets may face volatile trends due to high valuations. Equity benchmark indices Sensex and Nifty hit their fresh record peaks on Thursday. Besides, trading activity of foreign investors, movement of global oil benchmark Brent crude and rupee-dollar trend would also influence trading in equities. "This week's market focus shifts to inflation data releases. Both India and the US will unveil their Consumer Price Index (CPI) figures on Tuesday. On Thursday, WPI data will be announced. "Large-cap stocks may continue their outperformance as Foreign Institutional Investors (FIIs) are expected to maintain their buying spree," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Industrial Production data for January and inflation numbers for the month of ..

Gold prices firms on softer dollar as market await US economic data

Spot gold edged up 0.2% to $2,032.88 per ounce by 12:50 GMT. U.S. gold futures rose 0.42% to $2,034.30

India's macro-economic health and prospects for 2024

Conflicts and macro threaten India's firewalls

Policy agility, prudence, and resilience will be key for sustained growth in a rapidly changing global landscape

China's inflation data shows economy in doldrums despite trade improvement

China's economy remains in the doldrums, data released Friday showed, with prices due to slack demand from consumers and businesses. Consumer prices remained flat in September compared with a year earlier, the National Bureau of Statistics said, while wholesale prices fell 2.5 per cent. Exports and imports also fell last month as demand fell in overseas markets. The faltering recovery of the world's second largest economy from the shocks of the COVID-19 pandemic is dragging on regional and global growth, though economists have said the worst might have passed. Trade ticked up slightly from the month before and manufacturing is showing signs of improvement. Earlier this week, the International Monetary Fund cut growth forecasts for China, predicting economic growth of 5 per cent this year and 4.2 per cent in 2024, down slightly from its forecasts in July. The IMF attributed its downward revision to weaker consumer confidence, subdued global demand and a crisis in the property sector

Through the economic data fog

The picture of the Indian economy is one of near stagnation between 2011 and 2020, a massive bounce-back in the immediate post-pandemic period, and now muted growth

Carbon black demand expected to grow at 5-6% on macroeconomic factors: PCBL

Phillips Carbon Black Ltd (PCBL) has projected that Indian carbon black demand will grow at a growth rate of 5-6 per cent, driven by the robust expansion of the tyre industry and favourable macroeconomic factors. The promising outlook for the Indian tyre industry, buoyed by increasing demand and reduced imports, is expected to have a positive impact on the carbon black sector. Carbon black is a key raw material in tyre manufacturing. A PCBL investor presentation on Monday highlighted several factors propelling the carbon black industry's growth, including the acceleration in economic activity, increased infrastructure spending, and the implementation of the vehicle scrappage policy. Additionally, import restrictions have resulted in reduced competition from imports, bolstering domestic tyre manufacturing. The Indian tyre industry is positioned for substantial growth in fiscal year 2024, with an estimated expansion of 8-9 per cent, it said. The presentation emphasised the need for

Wall Street, global stocks remain flat ahead of earnings, economic data

The Dow Jones Industrial Average rose 0.11%, to 35,499.78, the S&P 500 was little changed at 4,582.45 and the Nasdaq Composite added 0.07%, to 14,326.87