New Delhi: Macroeconomic data - Index of Industrial Production (IIP) and inflation - will drive stock market sentiment in a holiday-shortened week starting September 12, say experts.
The stock markets will remain closed on Tuesday on account of Bakri Id.
"Macroeconomic data, progress of monsoon rains and trends in global markets will dictate trend on the stock markets in a truncated trading week ahead," said Vijay Singhania, founder-director of Trade Smart Online.
IIP and inflation data are slated for the week which may also influenced trading sentiment.
Inflation data based on Consumer Price Index (CPI) for August and Index of Industrial Production data will be released on Monday, while Wholesale Price Index (WPI) is scheduled for Wednesday.
"After the recent surge, we would see traders preferring to book some profit at the higher, which will add to market pressure in the coming week. We think it's normal to see a pause or consolidation around the record high levels," Mr Singhania added.
Coal India's Q1 earnings are also scheduled for the week.
For the week ended September 9, the Sensex climbed 265.14 points or 0.92 per cent and the NSE Nifty rose 57.05 points or 0.64 per cent. Both the indices recorded second weekly gains.
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