Macro-economic indicators such as inflation, factory output as
well as global crude oil prices will dictate the stock market trend next week,
analysts said. A string of assembly elections, starting November 12, will also
drive investor sentiments after range-bound movement the previous week.
The government will release Consumer
Price Index (CPI) and Wholesale Price Index (WPI) data for October next week.
Retail inflation for September was at
3.77 per cent, up from 3.69 in August. The wholesale inflation rose to 5.13 per
cent in September, from 4.53 per cent in August.
Assembly elections kickstart with the
first phase of elections in Chhattisgarh on Monday, November 12. Madhya
Pradesh, Rajasthan, Chhattisgarh, Telangana and Mizoram go to polls this month
and the next to reconstitute their respective assemblies.
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