Sensex crosses key levels as investors eye economic data

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Investors are now looking ahead to a week brimming with critical data releases. On Monday, market participants are keenly awaiting the US Consumer Inflation Expectations report, which could provide insights into future inflation trends and consumer sentiment.

Tuesday will see the release of India’s retail inflation figures and Index of Industrial Production (IIP) data, offering a glimpse into the country’s economic health. Meanwhile, the US is set to disclose its Consumer Price Index (CPI) and Redbook numbers, which are closely monitored for inflationary pressures.

The focus shifts to the US again on Wednesday with the release of Core Producer Price Index (PPI) statistics, a key indicator of inflation at the wholesale level.

Thursday marks a critical day in the US financial calendar with the Federal Reserve’s Interest Rate Decision and the unveiling of Federal Open Market Committee (FOMC) Economic Projections. Additionally, Initial Jobless Claims will provide an update on the employment situation.

On Friday, India is scheduled to announce its trade balance and banking sector loan growth metrics, alongside information on foreign exchange reserves. The US will present several economic indicators including Industrial Production statistics, S&P Global Composite PMI, and Baker Hughes Oil Rig Count.

As for market trends, Nifty has recorded modest gains as experts suggest that markets may enter a consolidation phase in the short term, potentially defining trading ranges for investors to navigate.

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