Global trends, several macroeconomic indicators, and the last batch of the financial earnings for the September quarter will drive investors in the week, analysts said. Experts pointed out that the trading sentiment of foreign investors and economic trends will also have an impact on equity markets.

The stock market will observe a shortened trading week on account of the festival of Guru Nanak Jayanti. Investors will not be able to place trades on Nov 15, Friday, as markets celebrate the festival, reported PTI.

Elaborating on the macro releases lined up for the week, Santosh Meena, Head of Research, Swastika Investmart Ltd, said, “India is set to release CPI and IIP data on November 12, with WPI data expected on November 14. Globally, the US inflation report on November 13 will be critical, as it may influence the Federal Reserve's upcoming policy stance.”

The expert shared that market will focus on the major macroeconomic data lined up in the week and the last round of earnings. The major earnings scheduled ahead include Bank of India, Brainbees Solutions, ONGC, Apollo Tyres, BEML, and Hindalco Industries. 

“The performance of US bond yields and the dollar index will be pivotal for emerging markets like India, as both have surged since the US election outcome. Given this backdrop, FIIs (Foreign Institutional Investors) activity will remain a crucial driver for the Indian equity market in the near term,” Meena added.

Notably, the key equity benchmarks declined last week. The BSE Sensex plunged 237.8 points or 0.29 per cent, while the NSE Nifty slumped 156.15 points or 0.64 per cent.

Palka Arora Chopra, Director, Master Capital Services Ltd, noted, “The outlook for the market will be guided by the major domestic and global economic data such as India's CPI, industrial production, manufacturing output, WPI inflation, US CPI, core CPI, initial jobless claims, UK GDP and China industrial production data.”