Key macro triggers for equity markets on Thursday
Here is a look at some of the top macro triggers that investors need to know before hitting D-Street on Thursday:
Housing sales grow 13% in Q4FY17: For the fourth quarter of 2016-17, residential property market rose above demonetisation woes with housing sales growing 13%. According to a report by a leading news portal, Bengaluru, Pune and Mumbai mainly drive the volume, which together accounts for 57% of total sales across top nine cities.
Policy designed to prefer locally-made goods in government buying: To give preference to domestically manufactured goods in government procurement with a view to promote Make in India, the Commerce and Industry Ministry is working on fixing key areas of the policy.
El Nino unlikely to impact monsoon: According to Indian and foreign weather scientists, El Nino has faded in the past two weeks, making things easy, as there were concerns that the Pacific Ocean phenomenon will disrupt the June-September monsoon, which sustains the country’s agriculture.