By PTI Sept 2, 2019 6:50:14 AM IST (Published)
Experts believe that the macroeconomic data points and global trends mainly from the US-China trade conflict would drive the equity markets in a holiday-shortened week ahead. Official data on Friday showed that India's GDP growth slipped to an over six-year low of 5 percent in the June quarter of 2019-20.
Macroeconomic data points and global trends mainly from the US-China trade conflict would drive the equity markets in a holiday-shortened week ahead, analysts said. Official data released after market hours on Friday showed that India's GDP growth slipped to an over six-year low of 5 percent in the June quarter of 2019-20, hit by a sharp deceleration in manufacturing output and subdued farm sector activity.
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Stock markets will be closed on Monday for 'Ganesh Chaturthi'.
"The continuation of the slowdown in GDP growth was expected but the 5 percent growth in Q1 is worse than expected...GDP growth figures will pick up in Q3 and Q4 benefitting from the low base of previous financial year.