The impact of Goods and Services Tax (GST), coupled with global cues, are expected to determine the trajectory of key domestic stock exchanges in the upcoming week. According to market observers, key macro-economic data points released after market hours on last Friday, like the eight core industries (ECI) figures, external debt and fiscal deficit data, will heavily influence the domestic equity markets.
“Markets this week will focus completely on the GST rollout and the impact of the same on the economic activity in the country,” Devendra Nevgi, chief executive of Zyfin Advisors, told IANS. “The traditional GST winners and losers will be in limelight. Global cues, especially from the movements in IT stocks in US, will impact local prices in the sector.”
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