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Markets May Turn Stormy in The Upcoming Week Ahead

Forthcoming week for stock markets will experience major fluctuations amid derivatives contract expiry, and release of macro data points will dominate the second half, experts said.

“Focus of the markets this week will be on GDP numbers, which will be released on August 31. Investors will be having their eye on indications from the Infosys’ management for appointment of a new CEO,” said Teena Virmani, Vice-President, PCG Research, Kotak Securities.

Also, PMI manufacturing data for August is due on Friday.

The outcome of the Jackson Hole economic policy meeting of central bankers will be another decider.

“Due to lack of any fresh triggers, we can expect to see a range-bound market. We feel that the current focus of investors should be on stock and sectors which have shown improvement in earnings in the quarter gone by,” said Vinod Nair, Head of Research, Geojit Financial Services.

Additionally, Infosys will “reincarnate” on Monday after Nandan Nilekani returned as Chairman of the company.

Both the Sensex and the Nifty during the week rose 71.38 points, or 0.22 per cent, and 19.65 points, or 0.19 per cent, respectively.

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