Stock Market Outlook: Key Factors That Will Shape Trading on Friday
Ahead of market: 10 things that will decide stock market action on Friday
The Indian stock market is expected to remain volatile on Friday, with investors keeping a close eye on the global cues and domestic factors that could impact the market's direction. Here are 10 things that could decide the stock market action on Friday:
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Global cues: The Indian market is likely to take cues from the global markets, particularly the US market, which was closed on Thursday due to Thanksgiving. The US market's performance on Friday could impact the Indian market.
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US-China trade deal: The US and China are expected to sign a phase one trade deal, which could have a positive impact on the global markets, including the Indian market.
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Economic indicators: The Indian market is likely to react to the economic indicators released on Thursday, including the August IIP data and the September inflation data.
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RBI's monetary policy: The Reserve Bank of India (RBI) is expected to announce its monetary policy on Friday, which could have a significant impact on the bond market and the rupee.
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Auto sales: The auto sales data for October is expected to be released on Friday, which could impact the auto stocks.
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IT sector's Q2 results: The IT sector's Q2 results are expected to be released on Friday, which could impact the IT stocks.
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PSU bank results: The PSU bank results are expected to be released on Friday, which could impact the banking stocks.
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Global crude oil prices: The global crude oil prices are expected to impact the energy stocks and the overall market.
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FII and DII data: The FII and DII data for the month of October is expected to be released on Friday, which could impact the market's direction.
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Market sentiment: The market sentiment is likely to play a crucial role in deciding the stock market action on Friday, with investors keeping a close eye on the market's direction.
Overall, the Indian stock market is expected to remain volatile on Friday, with investors keeping a close eye on the global cues, domestic factors, and the market's direction.