Traders will focus on the trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) next week. Crude oil prices will be keenly tracked as oil prices have firmed up recently after a major political shakeup in Saudi Arabia.
India imports majority of its crude requirements and a rise in crude oil prices increases concerns on fiscal deficit, inflation and gives lesser room for the government to boost growth through spending on infrastructure. Meanwhile, a weak rupee raises the cost of importing crude oil.
On the global front, US Existing Home Sales data, which measures the change in the annualised number of existing residential buildings that were sold during the prior month, will be unveiled on November 21, 2017.
The US stock market will remain shut on November 23, 2017, for Thanksgiving Day. The Japan stock market will remain shut on November 23, 2017, for Labour Thanksgiving Day.
Germany's Q3 Gross Domestic Product (GDP) data will be unveiled on November 23, 2017.
Germany's Manufacturing Purchasing Managers Index (PMI) data for November will be unveiled on November 23, 2017.
UK's Q3 GDP data will be unveiled on November 23, 2017.
Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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