3 months ago

Nifty 50 tomorrow prediction | Banknifty intraday trading | 30-31 Aug 2023 | GoodReturns

The Indian stock market closed flat on Wednesday, with the Sensex and the Nifty losing ground amid weak global cues. Investors were cautious ahead of key macro-economic data releases in the US and India, including the Q2 GDP numbers for the US and India. The PCE price index data is due on Thursday, and the non-farm payrolls report is expected on Friday.
Here is a more detailed explanation of the key macro-economic data releases:
Q2 GDP numbers: The Q2 GDP numbers for the US are expected to be released today. This data will be closely watched by investors for signs of economic growth.
PCE price index data: The PCE price index data is due on Thursday. This data measures the change in prices of goods and services purchased by consumers.
Non-farm payrolls report: The non-farm payrolls report is expected on Friday. This report measures the number of jobs created in the US in a month.
The Indian stock market is likely to remain volatile in the coming days ahead of these key data releases. Investors are likely to remain cautious and take a wait-and-see approach.

Disclaimer: The views and investment tips expressed by experts on GoodReturns are their own and not those of the website or its management. GoodReturns advises users to check with certified experts before taking any investment decisions.

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