Stock Market News: Headline indices finished the week on a weak note as the 30-share Sensex and the Nifty 50 closed in the red. The Nifty 50 index ended at 24,750.70 down by 82.9 points or 0.33 per cent. On the other hand the Sensex index finished the week at 81,451.01 down by 182.01 points or 0.22 per cent. During the course of the week the Nifty 50 slipped 0.68 per cent and the Sensex declined 0.58 per cent. After a tumultuous week, here’s a look at some key macroeconomic triggers which are likely to impact D-Street in the upcoming week:
GDP Data
The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released GDP data for the fourth quarter of FY 2024-25. The economy grew by 7.4 per cent in the fourth quarter of FY 2024-25. The growth was significantly quicker than forecasted. The gross value added (GVA) for the quarter under review surged 6.8 per cent compared an expansion of 6.5 per cent in the December quarter. D-street is expected to factor in the development in the upcoming sessions.
Automobile Sales Data For May
Domestic automotive manufacturers are slated to announce their sales data for the month of May 2025. Notably, early estimates suggest further sluggishness in volume trends. The automotive sales data is expected to impact trade in shares of automotive companies and auto-ancillary companies.
India US Trade Deal
On May 30, US President Donald Trump told reporters at Joint Base Andrews that the US is “very close to making a deal with India”. Trump also said that a representative from Pakistan is expected to visit Washington for talks next week. The market is expected to factor in announcements related to the India-US trade deal in the upcoming week.
Last Leg Of Q4 Results
While most major listed companies have announced their financial results for the quarter and full fiscal ended March 31, 2025, some companies are still expected to announce their results in the upcoming week. Companies such as Manoj Jewellers, Lucent Industries, Punjab Communications, Sybly Industries, and Panth Infinity will announce their results this upcoming week.
FII Buying Trends
Foreign Institutional Investors (FIIs) have remained net buyers in March and April. With the month of May coming to an end, FIIs have remained net buyers of Indian equities, month till date, FIIs have bought equities worth Rs 11,773.25 crore, and DIIs have purchased Rs 67,642.34 crore worth of Indian equities.
US Jobs Data
The monthly US employment report will be released on June 6, 2025. The report is expected to indicate the state of the economy.
As per a Reuters poll, the US economy is expected to have created 1,30,000 new jobs, reducing from a higher-than-expected figure of 1,77,000 in April.
OPEC+ Meeting
The meeting of key eight Opec+ oil producers will be held today on May 31 to agree on July output levels. The members are likely to come to a consensus for an output hike of 4,11,000 barrels per day according to a Reuters report.
Trump Tariffs
On May 29, US President Donald Trump received interim approval to go ahead with collecting tariffs. The development followed a separate court ruling which sought to stop the imposition of tariffs on US trade partners.
