Market week ahead: Q2 GDP print, F&O expiry among top triggers driving D-St next week

Traders and investors on Dalal Street would focus on India’s second quarter GDP print, which is expected to dive further, besides taking cues from global factors in the expiry week ahead. If the GDP numbers surprise positively, that good be seen as a good omen for the economy and markets.

This apart, expiry of November series F&O contracts may mean a volatile week ahead. Besides, traders will also track FII inflows.

Going by the buzz on Dalal Street, here are the key factors that will guide the market next week:

November expiry

The market may be volatile this week, especially on Thursday, November 28, when traders will shift their positions as the November series futures and options (F&O) contracts will expire. In this series, Sensex and Nifty have remained largely flat with Sensex gaining 0.5 per cent and Nifty advancing 0.3 per cent.

India’s GDP numbers

India will release its GDP growth print for September quarter on Friday. Analysts are expecting the rate to dip below 5 per cent. SBI has cut GDP growth forecast for the second quarter to 4.2 per cent, a multi-quarter low.

FII inflows

Foreign institutional investors poured in more than Rs 5,000 crore on the last day of the week, taking net inflows to the equity market to Rs 2,683.96 crore, as per data available on NSDL. Marketmen will track foreign fund flows to Indian equities to gauge their stance. Overall, FIIs have largely been bullish on the Indian market in November, investing Rs 17,548 crore.

Global cues

A number of data will be released this week, starting from US new home sales data for October. On Wednesday, China will come out with industrial profits number for October while US GDP Q3 estimates will be released. US EIA Crude Oil stocks Change data for 22 Nov will also be published. On Thursday, US initial and continuing jobless claims numbers will be out. The similar data for Japan will be released on Friday.