All eyes on macro-economic data releases and how they play out in Indian equity market

The week beginning today (Monday) promises to be dynamic both for global and Indian markets, driven by key macroeconomic data releases and US President's decision of imposing reciprocal tariffs on other countries.

- RITWIK MUKHERJEE

Market sentiment will be shaped by PMI data, GDP Growth, Retail Sales and Inflation Data.

Interestingly, India's Composite PMI Preliminary data for March to be released on Monday, March 24, which is forecasted at 59.1 and will be crucial for driving market sentiment, said Puneet Singhania, Director, Master Trust Group.

In India, Composite output refers to the weighted average of the Manufacturing Output Index and the Services Business Activity Index.

Within 24 hours, the United States House Price Index for January is set to be released on Tuesday, March 25, which measures month-over-month changes in average prices of single-family houses that is forecasted to come at 0.3 per cent, which is less than in comparison to December which came at 0.4 per cent, said Singhania.

Additionally, New Home Sales MoM for February is set to be released on Tuesday, March 25, which is forecasted to grow by 0.5 per cent compared to a 10.5 per cent decline in the month of January.