A morning walk down Dalal Street | Low volumes likely, but watch out for auto sales data, macro numbers

The S&P BSE Sensex rose nearly 6% while the Nifty50 rallied a little over 3% in the year 2018. However, the big carnage was seen in the broader market. The S&P BSE Mid-cap index fell by 13% while the S&P BSE Small-cap index was down by 24% in the year 2018.

As we step into the New Year, analysts expect low volumes during the week, as worldwide financial markets will remain closed on Tuesday on account of a New Year day.

Investors will also closely track December auto sales data to be released on Tuesday, macro data like Manufacturing PMI & services PMI during this week, as well as Q3FY19 earnings which will kick-start from next week.