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<keyword id="12267874" type="General" weightage="20" keywordseo="RBI-interest-rate" source="Orion">RBI interest rate</keyword> decision, <keyword id="20924960" type="General" weightage="20" keywordseo="macroeconomic-data" source="keywords">macroeconomic data</keyword> and <keyword id="20837523" type="General" weightage="20" keywordseo="global-trends" source="keywords">global trends</keyword> 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 in market dynamics," he said. Bharti Airtel, BEML, ONGC, NHPC, Life Insurance Corporation of India, and MRF would announce their earnings this week. "Going forward, the chances of further consolidation seem elevated due to premium valuations, weak Q1 results, and ongoing global market consolidation. The RBI policy meeting this week could provide some hints towards an outlook on rates, while expectations are to maintain the status quo as of now," Vinod Nair, Head of Research, Geojit Financial Services, said. Amid widespread selling pressure, the 30-share BSE Sensex plunged 885.60 points or 1.08 per cent to finish at 80,981.95 on Friday. The broader Nifty of NSE slipped 293.20 points or 1.17 per cent to end at 24,717.70. Movement of global oil benchmark Brent crude and rupee-dollar trend would also dictate trends in the market.

RBI interest rate decision, macroeconomic data and global trends the major factors driving market trends: Analysts

<ul><li>Risk aversion in <keyword id="19965036" type="General" weightage="20" keywordseo="Indian-stocks" source="keywords">Indian stocks</keyword> continued on Thursday morning, as the indices opened the session on a negative note.</li><li>Indian benchmark indices saw a sharp correction on Wednesday's trading session too amid selling pressure ahead of the final phase of Lok Sabha elections.</li><li>The latest decline could be partly attributable to investors booking profit at higher levels to avoid any potential risks in the market ahead of the <keyword id="21610112" type="General" weightage="20" keywordseo="Lok-Sabha-election-results" source="keywords">Lok Sabha election results</keyword>.</li></ul>Risk aversion in Indian stocks continued on Thursday morning, as the indices opened the session on a negative note. After a stellar rally over the past few weeks, markets faced some resistance this week. Indian benchmark indices saw a sharp correction on Wednesday's trading session too amid selling pressure ahead of the final phase of Lok Sabha elections. At 9.25 am, at the time of filing this report, <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword> and <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> were 0.2 per cent lower each from the respective previous day's closing. Sensex is now about 1,200-1,300 points lower than its all-time high that is tasted last week. The latest decline could be partly attributable to investors booking profit at higher levels to avoid any potential risks in the market ahead of the Lok Sabha election results. Lately, barring this week, Indian stock indices continued their rally, reaching fresh lifetime highs, tracking strong global market cues, hopes of Prime Minister Narendra Modi's comfortable return to office, besides other strong macroeconomic fundamentals. In the past two weeks, Sensex jumped over 3,600 points, on a cumulative basis. "One strategy is to remain calm, watch the event and take a decision after the election outcome," said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services. "There will be heightened volatility on 3rd and 4th June. If the exit polls indicate a clear trend, which is favourable from the market perspective, buying decisions will be easy even after a spike in prices." Investors are now in a wait-and-watch mode ahead of the Lok Sabha outcome. It is now expected that further upmoves will depend on the cues from the exit poll estimates, various <keyword id="20924960" type="General" weightage="20" keywordseo="macroeconomic-data" source="keywords">macroeconomic data</keyword> that are scheduled later during the week, Q4 India <keyword id="19904293" type="General" weightage="20" keywordseo="GDP" source="keywords">GDP</keyword>, and US inflation data. India's GDP grew at a massive 8.4 per cent during the October-December quarter of the financial year 2023-24, and the country continued to remain the fastest-growing major economy. India grew 7.2 per cent in 2022-23 and 8.7 per cent in 2021-22, respectively. Meanwhile, US markets too are in the red. Morgan Stanley in its latest outlook report said most equity and fixed-income markets is largely positive heading into the second half of 2024, as global interest rate cuts are finally on the horizon. The European Central Bank is likely to start cutting in June, the Bank of England in August with the U.S. Federal Reserve predicted to follow in September. Morgan Stanley Research sees global equities bringing positive returns this year, helped by the macroeconomic environment and the potential for increases in corporate earnings. SEE ALSO:<a href="https://www.businessinsider.in/tech/news/apple-wwdc-2024-to-begin-with-keynote-on-june-10-event-schedule-what-to-expect-and-more/articleshow/110537952.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/apple-wwdc-2024-to-begin-with-keynote-on-june-10-event-schedule-what-to-expect-and-more/articleshow/110537952.cms" target="_blank">Apple WWDC 2024 to begin with keynote on June 10 – event schedule, what to expect and more</a><a href="https://www.businessinsider.in/business/news/adani-paytm-deal-both-one97-communications-and-adani-group-deny-reports-as-baseless-and-speculative/articleshow/110530843.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/news/adani-paytm-deal-both-one97-communications-and-adani-group-deny-reports-as-baseless-and-speculative/articleshow/110530843.cms" target="_blank">Adani-Paytm Deal: Both One97 Communications and Adani Group deny reports as ‘baseless’ and ‘speculative’</a><a href="https://www.businessinsider.in/tech/news/jiocinema-launches-new-annual-ad-free-subscription-plan-at-a-discount/articleshow/110486706.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/jiocinema-launches-new-annual-ad-free-subscription-plan-at-a-discount/articleshow/110486706.cms" target="_blank">JioCinema launches new annual ad-free subscription plan at a discount</a>

Stocks continue to consolidate ahead of Lok Sabha election results

<ul class="summary-list"><li>The fourth quarter started with losses in the stock market.</li><li>Investors are in wait-and-see mode back ahead of new job-opening and manufacturing data on Tuesday.</li></ul>Major stock indexes slid on Tuesday to kick off the fourth quarter.All eyes are on economic data this week that could sway market confidence. Labor prints are particularly important, as job-market strength will <a target="_blank" href="https://markets.businessinsider.com/news/stocks/best-case-scenario-for-stock-market-outlook-fourth-quarter-ms-2024-9?_gl=1*925l0f*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzc4NjA5Mi42NzMuMS4xNzI3Nzg4ODk2LjYwLjAuMA..">determine</a> Federal Reserve policy in its November meeting.Job openings data is scheduled for Tuesday morning, followed by the ADP employment report and initial jobless claims on Wednesday and Thursday.The September jobs report will arrive on Friday, with economists forecasting 150,000 jobs added for the month. Unemployment is projected to stay flat at 4.2%.A strike affecting US ports on both the East and West Coasts is also drawing trader attention this week, as analysts start to caution about macroeconomic impacts.Here's where US indexes stood at the 9:30 a.m. opening bell on Tuesday:<ul><li><a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,715.25, down 0.8%</li><li><a target="_blank" href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 42,055.24, down 0.7% (275 points)</li><li><a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq composite</a>: 17,978.76, down 1.2%</li></ul>Here's what else happened today:<ul><li><a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-correction-job-market-inflation-interest-rates-2024-9?_gl=1*1shyatr*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzc4NjA5Mi42NzMuMS4xNzI3Nzg2NzM2LjYwLjAuMA..">The equity market faces a 10% correction</a> as the labor market stalls, Stifel stock chief says.</li><li>3 cheap stock market sectors to snap up as the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-fed-rate-cuts-value-cyclicals-corporate-profits-2024-9?_gl=1*yxm7cx*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzc4NjA5Mi42NzMuMS4xNzI3Nzg2Njc1LjYwLjAuMA..">Fed delivers a stimulus 'double whammy,'</a> according to BofA.</li><li>Top Wall Street strategists await a strong <a target="_blank" href="https://markets.businessinsider.com/news/stocks/jobs-report-lower-profit-quality-stocks-unemployment-labor-market-2024-9?_gl=1*wvd1l6*_ga*MTMxNDIwNDI1Ni4xNjc1Njg3OTU4*_ga_E21CV80ZCZ*MTcyNzc4NjA5Mi42NzMuMS4xNzI3Nzg2ODI3LjYwLjAuMA..">jobs report to boost low-quality stocks</a>.</li><li><a target="_blank" href="https://www.businessinsider.com/tesla-q3-deliveries-preview-wall-street-expects-beat-mojo-returns-2024-9">Here's a preview of what Wall Street expects</a> from Tesla's upcoming third-quarter results.</li></ul>In commodities, bonds, and crypto:<ul><li><a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">West Texas Intermediate</a> crude oil slid 1.2% to $67.38 a barrel. <a target="_blank" href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, fell 1% to $70.98 a barrel.</li><li><a target="_blank" href="https://markets.businessinsider.com/commodities/gold-price?utm_medium=ingest&amp;utm_source=markets">Gold</a> increased 0.62% to $2,675.8 an ounce.</li><li>The 10-year Treasury yield dropped 5 basis points to 3.743%.</li><li><a target="_blank" href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> inched 0.3% higher to $63,638.</li></ul>

Stock market today: Indexes slide as investors await crucial economic data

New Delhi, India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&amp;P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. "Indian services companies achieved a remarkable milestone in August, as they welcomed a series record surge in new export business. Several regions contributed to the upturn, including Asia Pacific, Europe, North America and the Middle East," <keyword id="2835710" type="General" weightage="50" keywordseo="pollyanna-de-lima" source="Orion">Pollyanna De Lima</keyword>, Economics Associate Director at S&amp;P Global Market Intelligence, said. Lima further noted that this spike in international demand supported one of the best sales performances recorded over the past 13 years, and acted as a catalyst for firms to expand their workforces as well as output. "Demand strength also fostered a heightened sense of optimism regarding the outlook, boding well for economic growth prospects," Lima said. On August 10, the <keyword id="6354335" type="General" weightage="50" keywordseo="reserve-bank-of-india" source="Orion">Reserve Bank of India</keyword> (RBI) left its key interest rates unchanged for a third straight meeting but signalled tighter policy if food prices drive inflation higher. The next meeting of the <keyword id="3446352" type="General" weightage="50" keywordseo="rbi-monetary-policy-committee" source="Orion">RBI Monetary Policy Committee</keyword> (MPC) is scheduled for October 4-6. On the prices front, buoyant demand for services meanwhile aided a further upward revision to selling prices. The rate of charge inflation quickened to the joint-fastest in over six years, while input costs rose to a lesser extent. "... Favourable demand trends also led to the joint-fastest increase in prices charged for Indian services in over six years, which may prompt attention from policymakers and potentially delay cuts to the benchmark repo rate," Lima added. On the jobs front, hiring activity across India's service economy continued to expand. The rate of job creation was moderate, but the strongest seen since last November. Going ahead, monitored companies firmly believed that output would remain on an upward growth path over the course of the coming 12 months. Advertising, demand strength, plans to price competitively and a healthy number of client enquiries all boosted optimism in August. Meanwhile, there was a mild slowdown in the growth of private sector activity across India during August. The S&amp;P Global India Composite PMI Output Index -- which measures combined services and manufacturing output -- fell from 61.9 in July to 60.9 in August. Despite the fall, the S&amp;P Global India Composite PMI Output Index was indicative of a sharp rate of expansion that was among the strongest in over 12 years, the survey said. The S&amp;P Global India Services PMI is compiled by S&amp;P Global from responses to questionnaires sent to a panel of around 400 service sector companies. The panel is stratified by detailed sector and company workforce size, based on contributions to GDP. Data collection began in December 2005.

India's services sector activity moderates in August; exports expand at record pace

As the results season kicks in, the <keyword id="20097634" type="General" weightage="20" keywordseo="quarterly-earnings" source="keywords">quarterly earnings</keyword> numbers of several <keyword id="22405488" type="General" weightage="20" keywordseo="blue-chip-firms" source="keywords">blue-chip firms</keyword> — such as <keyword id="19906778" type="General" weightage="20" keywordseo="Infosys" source="keywords" meta.keywordsubtype="org" meta.entityname="Infosys" meta.hostid="261" meta.entityid="Infosys">Infosys</keyword> and Reliance Industries — along with <keyword id="20837523" type="General" weightage="20" keywordseo="global-trends" source="keywords">global trends</keyword> and <keyword id="20223116" type="General" weightage="100" keywordseo="trading-activity" source="keywords">trading activity</keyword> of foreign investors, will determine <keyword id="22405487" type="General" weightage="20" keywordseo="equity-market-movement" source="keywords">equity market movement</keyword> in the holiday-shortened week ahead, according to analysts. The domestic <keyword id="22405489" type="General" weightage="20" keywordseo="WPI-inflation-data" source="keywords">WPI inflation data</keyword> for June — scheduled to be announced on Monday — will also influence trading sentiments, traders said. Markets will remain closed on Wednesday for Muharram. Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries. "Q1 earnings will be a key focus this week as numerous companies, including heavyweights Infosys, and Reliance, are set to release their results. Additionally, <keyword id="22194639" type="General" weightage="20" keywordseo="pre-Budget-discussions" source="keywords">pre-Budget discussions</keyword> are expected to contribute to market volatility," Santosh Meena, Head of Research, Swastika Investmart Ltd, said. On the global front, a significant focus will be on China. The country is scheduled to announce its GDP and Industrial Production (IIP) numbers, Meena said. "Other global factors to watch include the speech by the US Federal Reserve Chairman, US retail sales figures, and macroeconomic data from Japan," he added. Meanwhile, IT services company HCL Tech on Friday posted a 20.4 per cent rise in consolidated net profit to Rs 4,257 crore for the June-ended quarter and gave a revenue growth guidance of 3-5 per cent for FY25 on GenAI diversification and strong operational execution. "On Monday, markets will react to India's inflation data. Key results this week include Jio Financial Services, HDFC Life, Asian Paints, LTIMindtree, Infosys, Wipro, JSW Steel, Paytm, etc. Also globally, investors will take cues from China's GDP numbers, US core retail sales data, and ECB (European Central Bank) interest rate decision," Siddhartha Khemka, Head, Retail Research, Motilal Oswal Financial Services Ltd, said. Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables, became dearer, according to government data released on Friday. Vinod Nair, Head of Research, Geojit Financial Services, said, "We expect stock-specific moves to gain traction due to the ongoing earnings season; indeed, IT will be in the limelight due to the good start to the earnings and outlook." In the week ahead, economic data like China GDP, EuroZone CPI inflation, ECB policy, and the US Fed chair speech will be watched by investors to get cues on market momentum, Nair added. On a weekly basis, the BSE benchmark jumped 522.74 points, or 0.65 per cent, while the Nifty climbed 178.3 points, or 0.73 per cent. The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points, or 1.24 per cent, to hit an all-time high of 80,893.51. The NSE Nifty surged 186.20 points, or 0.77 per cent, to settle at a record closing high of 24,502.15. Intra-day, it jumped 276.25 points, or 1.13 per cent, to hit a new lifetime peak of 24,592.20.

Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts

The rise in <keyword id="6468581" type="General" weightage="20" keywordseo="housing-prices" source="Orion">housing prices</keyword> and mortgage rates have impacted affordability levels to buy homes in the last two years across seven major cities but it may improve next year due to a likely reduction in repo rate, according to JLL India. The improvement in affordability levels would further boost housing sales, which have risen despite increases in property prices and interest rates on home loans. The consultant on Sunday released its 'Home Purchase Affordability Index' (HPAI), which signifies whether a household earning an average annual income (at an overall city level) is eligible for a housing loan on a property in the city at the prevailing market price. "The rising repo rate in 2022 as the RBI reacted to the global recessionary and inflationary trends, plus a strong demand recovery spurring price hikes, worsened affordability in 2022," the report said. In 2023, the consultant said that affordability levels are likely to marginally worsen or remain the same when compared to 2022. A stronger price increase has been countered by stagnancy in repo rate movement, declining <keyword id="22195" type="General" weightage="20" keywordseo="inflation" source="Orion">inflation</keyword> and relatively higher growth in household incomes, the consultant explained. "In 2024, we are likely to see a renaissance with affordability levels expected to be on an improving trajectory as <keyword id="493702" type="General" weightage="20" keywordseo="macroeconomic" source="Orion">macroeconomic</keyword> fundamentals support a repo rate reversal and thereby interest rate reduction that could provide another fillip to the residential sales market," the report said. JLL expects a 60-80 basis points reduction in repo in the next year. It has derived this index through a combination of variables, which include home loan interest rates, average household income and price of the residential apartment. The HPAI is the ratio of the average household income to the eligible household income. Eligible household income is defined as the minimum income that a household should earn to qualify for a home loan on a 1,000-square-foot apartment at the prevailing market price. A value of 100 means that a household has exactly enough income to qualify for the loan. A value less than 100 implies that an average household does not have enough income to qualify for a housing loan. A value of more than 100 implies that an average household has more than enough income to qualify for a home loan. As per the data, the affordability index in Mumbai is estimated to dip to 88 from 92. In Delhi NCR, the index is seen declining to 121 from 125. The Index of Bengaluru is estimated to have dipped to 158 from 168. The index in Hyderabad is seen at 169 against 174 last year. Pune will witness a marginal fall to 182 from 183, while Kolkata will see a marginal improvement to 194 from 193. The affordability index of Chennai is estimated to be flat at 162 this year. JLL India noted that affordability was at its lowest in 2013 before rising on a sustained basis through 2014 to hit optimal levels in 2021. "Despite residential price hikes being sustained in 2023, better economic and job prospects and healthier income growths compared to 2022 have led to a relatively minor dip in affordability in 2023. "In fact, affordability levels remain much above the pre-COVID and worst affordability periods for all cities, clearly highlighting the headroom for market growth to continue," said Siva Krishnan, Managing Director and Head of Residential Services, India, JLL.

Affordability levels to buy homes hit in last 2 years; to improve in 2024 on likely repo rate cut: JLL

<keyword id="19932515" type="General" weightage="20" keywordseo="foreign-institutional-investors" source="keywords">Foreign institutional investors</keyword> have turned bullish on the <keyword id="19976433" type="General" weightage="20" keywordseo="financial-services" source="keywords">financial services</keyword> and telecom sectors. The <keyword id="21243793" type="General" weightage="20" keywordseo="NSDL-data" source="keywords">NSDL data</keyword> for the second half of June 2024, suggests that FIIs and have bought shares worth over Rs 8,162 crore in the financial services sector and shares worth Rs 6208 crore in the telecom segment. In the first half of June they have invested Rs 1008 crore in the financial services sector and Rs 1736 crore in the telecom. The <keyword id="19949396" type="General" weightage="20" keywordseo="Indian-equity-market" source="keywords">Indian equity market</keyword> witnessed a significant boost in the latter half of June 2024, with FII reaching Rs 29,628 crore from June 16- 30. This influx of foreign capital highlights the growing confidence of international investors in India's economic prospects and its market potential. The investment influx was led by substantial contributions across key sectors, demonstrating the diversified interest of foreign investors in the Indian economy The financial services sector attracted the highest investment, with FIIs pouring in Rs 8,162 crore. This substantial inflow reflects investor confidence in India's robust banking system, burgeoning fintech landscape, and the resilience of the financial sector amidst global economic uncertainties. Telecommunications sector received the second-highest investment, amounting to Rs 6,208 crore. The sector's growth is driven by increasing mobile and internet penetration, advancements in 5G technology, and the expansion of digital infrastructure. This investment highlights the sector's critical role in India's digital transformation. The consumer services sector saw <keyword id="19895633" type="General" weightage="20" keywordseo="investments" source="keywords">investments</keyword> totaling Rs 3,097 crore, indicating robust investor interest in India's domestic consumption story. The sector encompasses a wide range of services, including retail, e-commerce, and hospitality, which have been experiencing significant growth due to rising consumer spending and changing lifestyles. The capital goods sector attracted Rs 2,929 crore in investments, reflecting a positive outlook on India's manufacturing and infrastructure development. Investments in this sector are crucial for enhancing the country's industrial capabilities and supporting the 'Make in India' initiative, which aims to transform India into a global manufacturing hub. The healthcare sector received Rs 2,886 crore, underscoring the growing importance of medical infrastructure, pharmaceuticals, and biotechnology. FIIs bought Rs 2054 crore in auto, Rs 1578 crore in IT, Rs 1475 crore in construction materials, and Rs 1048 crore each in oil &amp; gas, consumer durables, and chemicals stocks. Meanwhile, foreign investors remained net sellers in power, metals, and FMCG stocks. In June, they sold around Rs 2439 crore in power, Rs 1128 crore in metals, and Rs 677 crore in FMCG. In May, FIIs had sold Rs 2439 crore in power, Rs 1128 crore in metals, and Rs 677 crore in FMCG sectors. The increased FII in India comes amid global economic uncertainties, including inflationary pressures, fluctuating commodity prices, and geopolitical tensions. Despite these challenges, India's economic fundamentals, including a stable macroeconomic environment, strong growth outlook, and investor-friendly policies, have made it an attractive destination for foreign investors. (ANI) SEE ALSO:<a href="https://www.businessinsider.in/sports/webstories/virat-kohli-not-included-in-the-rohit-sharma-led-icc-team-of-the-tournament/slidelist/111398470.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/virat-kohli-not-included-in-the-rohit-sharma-led-icc-team-of-the-tournament/slidelist/111398470.cms" target="_blank">Virat Kohli not included in the Rohit Sharma-led ICC Team of the Tournament</a><a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-july-2024/slidelist/111341281.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-cars-launching-in-india-in-july-2024/slidelist/111341281.cms" target="_blank">Upcoming cars launching in India in July 2024</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank">Reliance Jio and Airtel price hike – new plans and how you can save money</a>

FII's bullish on financial services and telecom segment as per June 2024 NSDL data

<ul><li>US stocks traded slightly lower on Monday as investors shifted their focus away from earnings and towards macro data.</li><li>The Fed's preferred measure of inflation will be released later this week, as will revised fourth-quarter GDP data.</li><li>Investors will also be paying attention to comments from Fed Presidents, looking for any clues about interest rate cuts.</li></ul>US stocks traded slightly lower on Monday as investors shifted their focus to a slate of macroeconomic data points on the horizon this week.With 90% of S&amp;P 500 companies having reported fourth-quarter results, the results have impressed investors. So far, 78% of companies beat profit estimates by a median of 7%, while 65% of companies beat revenue estimates by a median of 5%, according to data from Fundstrat.Now, as the earnings tide rolls out, investors are looking forward to a week full of fresh economic data. On the radar this week is revised fourth-quarter GDP data, set to be released Wednesday morning. Set to roll out on Thursday is Personal Consumption Expenditures data, which is the Federal Reserve's preferred inflation gauge. Finally, investors will be paying attention to comments from five Fed Presidents later in the week, listening for any clues about when the Fed might cut interest rates.Here's where US indexes stood at the 4:00 p.m. closing bell on Monday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,069.53, down 0.38% </li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 39,069.23, down 0.16% (-62.30 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq Composite</a>: 15,976.25, down 0.13% </li></ul>Here's what else happened today: <ul><li><a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-cash-mountain-stock-portfolio-buybacks-deals-2024-2">Berkshire Hathaway reported its fourth-quarter earnings results over the weekend,</a> and the conglomerate now holds a record $168 billion in cash.</li><li><a href="https://www.businessinsider.com/warren-buffett-letter-munger-berkshire-annual-shareholder-stock-speculation-ai-2024-2">Berkshire Hathaway CEO Warren Buffett called out stock market gamblers and honored the late Charlie Munger</a> in his annual letter.</li><li><a href="https://www.businessinsider.com/millennials-parents-dinks-childfree-boomers-economy-outlook-population-growth-birthrate-2024-2">America's shrinking birthrate poses a long-term challenge</a> that could weigh on the economy for the next decade or more. </li><li><a href="https://www.businessinsider.com/real-estate-distress-office-multifamily-property-debt-soar-480-2024-2">Distress levels in an important corner of the commercial real estate debt market</a> have rocketed 440% higher in the last year. </li><li><a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-technical-breakout-suggests-more-upside-ahead-btc-2024-2">Bitcoin jumped 3% on Monday and broke above a key technical level,</a> suggesting another 22% upside from here, according to Fairlead Strategies.</li></ul>In commodities, bonds, and crypto: <ul><li><a href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil jumped 1.65% to $77.75 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, rose by 1.30% to $82.68 a barrel. </li><li><a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> declined by 0.32% to $2,042.80 per ounce. </li><li>The 10-year Treasury yield rose 3 basis points to 4.28%.</li><li><a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> jumped 5.43% to $54,537. </li></ul>

US stocks trade slightly lower as investors await slew of economic data

<ul><li>Over three quarters or 78% of Indian CEOs say that global economic growth will decline in the next 12 months. </li><li>After the economic downturn, CEOs are also worried about inflation and macroeconomic volatility in the short-term (12 months) and over the next five years. </li><li>As much as 85% of India CEO’s said they do not plan to reduce headcount, and 96% said they do not plan to reduce compensation either. </li></ul>Indian CEOs are the most pessimistic they’ve ever been in the last 12 years, according to a PricewaterhouseCoopers (PwC) annual CEO survey. Over three quarters or 78% of them believe that the global economic growth will decline in the next 12 months. This is a significant departure from the optimistic outlooks seen in 2021 and 2022, the survey said. However, 57% of CEOs also expressed optimism about the Indian economy. “Despite signs of a global economic slowdown, continuing high inflation and the ripple effects of the conflict in Europe, there is optimism among India CEOs about the country’s economic growth. To survive over the next few years, CEOs will need to manage external risks and drive profitability,” said Sanjeev Krishan, chairperson of PwC in India. India CEOs have faced more headwinds than tailwinds in the last couple of years but have nonetheless managed to stay the course, the report says. PwC’s 26th Annual Global CEO Survey polled 4,410 CEOs in 105 countries and territories, including 68 from India. Even in difficult times when most global CEOs are prioritising cost-cutting, Indian CEOs are keen on retaining talent. As much as 85% of them said they do not plan to reduce headcount, and 96% said they do not plan to reduce compensation either. Economic downturn on top of mind A year ago, most CEOs were worried about cyber or health risks, but this year, the impact of the economic downturn is top of mind. Inflation and macroeconomic volatility are also stressing them the most as they identify these as a risk both in the short-term (12 months) and over the next five years. Climate change comes next, followed by financial exposure to geopolitical conflict risks and cyber risks. “The conflict in Ukraine and growing concerns about geopolitical flashpoints in other parts of the world have caused India CEOs to rethink aspects of their business models, with almost half of the respondents that are exposed to geopolitical conflict integrating a wider range of disruptions into scenario planning and corporate operating models,” the report said. Those holding the top jobs at companies are trying to mitigate risks by increasing investments in cybersecurity or data privacy, said half of those polled. But the most common change that they are making is adjusting supply chains, as 67% claim to be doing that. The rest are re-evaluating market presence or expanding into new markets or diversifying their product/service offering. A different new world Indian CEOs are also weighed down by long-term worries, as 41% of CEOs believe that they do not expect their companies to be economically viable in ten years if they continue on their current path. They also see multiple challenges to profitability within their industries, as they believe they would be operating in a much different scenario than they are used to. “To survive over the next few years, CEOs will need to manage external risks and drive profitability. In the long term they will also need to reimagine, reinvent and reconfigure their businesses and work culture to thrive. Importantly, they need to act on both now, and simultaneously,” said Krishan. Around 62% of India CEOs believe that changing customer demand will impact profitability in their respective industries over the next ten years to a large or very large extent. This is followed by 54% who are concerned about changes in regulations. The next most common worry is disruption that will be caused by advanced tech, AI, metaverse, blockchain etc. Around 49% of them said that supply chain disruptions will also worry them in the next ten years. “Certain sectors such as pharmaceuticals, automotive, consumer electronics and chemicals have significant dependence on materials imported from countries such as China, Taiwan and Japan. These factors cause India CEOs to worry about supply chain disruption, uncertain lead times, heightened freight rates and commodity prices,” the report said. SEE ALSO <a href="https://www.businessinsider.in/finance/news/indian-inc-expects-budget-fy24-to-cushion-economy-from-global-risks-deloitte-survey/articleshow/96967472.cms">Indian Inc expects Budget FY24 to cushion economy from global risks; optimistic FY23 GDP growth will be above 6.5%: Deloitte survey</a> <a href="https://www.businessinsider.in/finance/news/rbi-downgrades-fy23-gdp-growth-projections-to-6-8-percent/articleshow/96047963.cms">RBI downgrades FY23 GDP growth projections to 6.8% - lower than World Bank and other global agencies</a>

Indian CEOs see a difficult year but most say they won’t go for job or salary cuts: PwC survey

<ul class="summary-list"><li>Inflation will see an intense drop, according to Pantheon's chief economist Ian Shepherdson.</li><li>He pointed to easing price pressures, even as wage inflation is slow to return to normal.</li></ul>Prices are set to see an intense drop, and inflation could fall below the Federal Reserve's 2% target by mid-next year, according to Pantheon's chief economist Ian Shepherdson."We are becoming increasingly worried that inflation will fall below the target by the middle of next year," Shepherdson said in a note on Tuesday.He pointed to pandemic-related drivers of inflation, like rents, consumer spending, corporate profits as well as energy and food prices, that are now reversing. Over the last quarter, <a href="https://markets.businessinsider.com/news/commodities/rent-prices-drops-cities-vacancies-housing-apartments-economy-mortgage-inflation-2023-4?utm_medium=ingest&amp;utm_source=markets">rents have begun to plunge</a> in key areas of the housing market. Americans are now beginning to <a href="https://markets.businessinsider.com/news/stocks/stocks-american-consumer-spending-stop-fed-interest-rates-analysts-2023-3">pull back on spending</a> as inflation bites into savings, and corporations have faced major earnings pressure amid rising prices and interest rates. And while <a href="https://www.businessinsider.com/why-prices-inflation-soaring-corporate-greed-profits-margins-wages-jobs-2023-4">wages appear to still be on the rise</a>, the slowdown in the other price pressures should bring inflation lower soon, Shepherdson said. "We expect intense downward pressure on inflation from non-labor costs sources," Shepherdson said, adding that wage growth would eventually slow as well. "[The Fed] will be able to respond to the weakness of the economy by cutting rates before long, even if the contemporaneous labor costs data are stronger than they would tolerate in the medium term."Inflation has already been on the downtrend since mid-2022, with <a href="https://www.businessinsider.com/inflation-price-growth-us-cpi-consumer-price-index-report-march-2023-4">the consumer price index inflation up 5%</a> in March, as the Fed hiked interest rates over 1,700% in the past year.Markets are pricing in an 83% chance that the Fed will pause rate hikes at its next policy meeting in June, and a 33% chance the central bank could begin to cut rates in July, per the <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html" target="_blank" rel="noopener">CME FedWatch tool</a>. The Fed dialing back interest rates is expected to be bullish for equities, with Fundstrat's Tom Lee predicting as much as a <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-bull-rally-falling-inflation-investing-fed-rates-2023-1">25% rally if the Fed pauses rates later this year</a>.

Inflation will see an intense drop and could fall below 2% by mid-2024, Pantheon Macroeconomics says

<ul><li>US stocks edged higher on Monday as investors shift their focus away from earnings and towards macro data.</li><li>The Fed's preferred measure of inflation will be released later this week, as will revised fourth-quarter GDP data.</li><li>Investors will also be paying attention to comments from Fed Presidents, looking for any clues about interest rate cuts.</li></ul>US stocks edged higher on Monday as investors shift their focus away from corporate earnings and towards macroeconomic data on the horizon this week.With 90% of S&amp;P 500 companies having reported fourth-quarter results, the results have impressed investors. So far, 78% of companies beat profit estimates by a median of 7%, while 65% of companies beat revenue estimates by a median of 5%, according to data from Fundstrat.On investors' radar this week is revised fourth-quarter GDP data, set to be released Wednesday morning. Set to roll out on Thursday is Personal Consumption Expenditures data, which is the Federal Reserve's preferred inflation gauge. Finally, investors will be paying attention to comments from five Fed Presidents later in the week, listening for any clues about when the Fed might cut interest rates.Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,095.29, up 0.13% </li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 39,188.90, up 0.14% (+56.22 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq Composite</a>: 16,024.68, up 0.15% </li></ul>Here's what else is going on today: <ul><li><a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-cash-mountain-stock-portfolio-buybacks-deals-2024-2">Berkshire Hathaway reported its fourth-quarter earnings results over the weekend,</a> and the conglomerate now holds a record $168 billion in cash.</li><li><a href="https://www.businessinsider.com/warren-buffett-letter-munger-berkshire-annual-shareholder-stock-speculation-ai-2024-2">Berkshire Hathaway CEO Warren Buffett called out stock market gamblers and honored the late Charlie Munger</a> in his annual letter.</li><li><a href="https://www.businessinsider.com/millennials-parents-dinks-childfree-boomers-economy-outlook-population-growth-birthrate-2024-2">America's shrinking birthrate poses a long-term challenge</a> that could weigh on the economy for the next decade or more. </li></ul>In commodities, bonds, and crypto: <ul><li><a href="https://markets.businessinsider.com/commodities/oil-price">West Texas Intermediate</a> crude oil fell 0.13% to $76.39 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price">Brent crude</a>, the international benchmark, dropped 0.23% to $81.43 a barrel. </li><li><a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> declined by 0.52% to $2,038.80 per ounce. </li><li>The 10-year Treasury yield was flat at 4.25%.</li><li><a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> dropped 0.63% to $51,399. </li></ul>

US stocks edge higher as investors shift focus from earnings to macro data

<ul class="summary-list"><li>Stocks paused their record-setting rally as indexes pulled back on Monday.</li><li>Investors are gearing for Fed commentary in the week ahead.</li></ul>US stocks edged lower to start the week, hitting pause on a record-setting rally. With earnings season largely behind investors, focus is now turning to macroeconomic data that could inform future monetary policy.Though markets expect interest rate cuts to <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html" target="_blank" rel="noopener">start in June</a>, testimony from Federal Reserve Chairman Jerome Powell starting Wednesday may offer updates on any changes the central bank may be considering.Though Fed commentators have pushed back on calls to cut, last week's personal consumption expenditures reading — which stood in line with expectations — encouraged outlooks.Other upcoming Fed speakers this week will include Philadelphia Fed President Tom Harker on Monday and presidents Neel Kashkari and Loretta Mester later in the week. Also this week, markets will get the most up-to-date snapshot of the US labor market when the Bureau of Labor Statistics releases the February nonfarm payrolls report. Estimates are for 210,000 jobs gained last month, compared to 353,000 in January. On Monday, the tech stocks that have led recent market highs continued their surge, helping the Nasdaq and S&amp;P 500 notch new records on Friday. Nvidia stock was up nearly 3%, while AMD and Intel shares also gained. Here's where US indexes stood shortly after the opening bell at 9:30 a.m. on Monday: <ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500</a>: 5,130.40, down 0.13% </li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Dow Jones Industrial Average</a>: 38,976.95, down 0.3% (-119.28 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Nasdaq Composite</a>: 16,249.66, down 0.15% </li></ul>Here's what else is going on: <ul><li>Here's how <a href="https://markets.businessinsider.com/news/stocks/ai-stocks-stock-market-outlook-artificial-intelligence-economy-worker-shortage-2024-2">6 commentators expect AI will boost</a> the US economy and markets.</li><li><a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-rally-nvidia-ai-retail-investors-meme-stocks-2024-3">Retail investors are back, and they're doing things differently</a> since the meme stock era.</li><li>The stock market doesn't resemble a<a href="https://markets.businessinsider.com/news/stocks/billionaire-ray-dalio-stock-market-bubble-outlook-magnificent-seven-bridgewater-2024-3"> "full-on bubble,"</a> Ray Dalio says.</li><li>Market strength may be <a href="https://markets.businessinsider.com/news/stocks/stock-market-signal-presidential-reelection-joe-biden-incumbent-donald-trump-2024-3">good news for Biden's campaign</a>, research firm says.</li><li>Kyle Bass is <a href="https://www.businessinsider.com/real-estate-property-land-kyle-bass-migration-investing-environment-china-2024-3">investing in real estate in these three states</a>, as firms and workers migrate.</li></ul>In commodities, bonds, and crypto: <ul><li>Oil prices rose, with<a href="https://markets.businessinsider.com/commodities/oil-price?type=wti&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets"> West Texas Intermediate</a> rose 0.41% to $80.30 a barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Brent crude</a>, the international benchmark, increased 0.5% to $84 a barrel.</li><li><a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Gold</a> rose 0.44% to $2,105.50 per ounce.</li><li>The<a href="https://markets.businessinsider.com/rates/u-s--rates-10-years?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets"> 10-year Treasury yield</a> climbed 4.3 basis points to 4.225%.</li><li><a href="https://markets.businessinsider.com/currencies/btc-usd?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">Bitcoin</a> jumped 3% to $65,075.</li></ul>

You Searched For "macroeconomic data" and got 12 results

RBI interest rate decision, macroeconomic data and global trends the major factors driving market trends: Analysts

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Stocks continue to consolidate ahead of Lok Sabha election results

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Stock market today: Indexes slide as investors await crucial economic data

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Trading activity to hinge on Q1 results, global trends in holiday-shortened week: analysts

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Affordability levels to buy homes hit in last 2 years; to improve in 2024 on likely repo rate cut: JLL

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FII's bullish on financial services and telecom segment as per June 2024 NSDL data

ANI

US stocks trade slightly lower as investors await slew of economic data

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Indian CEOs see a difficult year but most say they won’t go for job or salary cuts: PwC survey

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Inflation will see an intense drop and could fall below 2% by mid-2024, Pantheon Macroeconomics says

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US stocks edge higher as investors shift focus from earnings to macro data

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Stock market today: Indexes edge lower as rally pauses ahead of Fedspeak, jobs data

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