A morning walk down Dalal Street | Macro data, state election results hold key

D-Street snapped the 3-day losing streak on Friday; however, it closed lower for the week.

Let’s look at the data. For today, Sensex ended 361 points up at 35,673. However, for the week, the index closed 1.4 percent lower. 

The coming week will be guided by macro data as well as state election results. Apart from that movement of crude oil price, rupee FIIs flows as well as trade talks will be guiding factors.

Foreign investors have pulled put close to Rs 400 crore from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive. This comes following a net inflow of over Rs 10,000 crore in November.