Movement in the equity market this week will be guided by macroeconomic data announcements, global trends, and foreign investors' trading activity.
Key factors affecting markets include India's industrial data release, GDP growth figures, progress of monsoon, US bond market developments, FOMC minutes, and India-US trade negotiations.
Market outlook is expected to be firm with support from macro and earnings tailwinds, while closely monitoring quarterly GDP figures for India and the US.
Recent actions by the Reserve Bank, such as the record dividend transfer to the government, and uncertainties in the US economy, foreign investments, and trade talks may lead to a phase of consolidation in Indian markets.