The Indian stock market closed flat on Wednesday, with the Sensex and the Nifty losing ground amid weak global cues. Investors were cautious ahead of key macro-economic data releases in the US and India, including the Q2 GDP numbers for the US and India. The PCE price index data is due on Thursday, and the non-farm payrolls report is expected on Friday.
Here is a more detailed explanation of the key macro-economic data releases:
Q2 GDP numbers: The Q2 GDP numbers for the US are expected to be released today. This data will be closely watched by investors for signs of economic growth.
PCE price index data: The PCE price index data is due on Thursday. This data measures the change in prices of goods and services purchased by consumers.
Non-farm payrolls report: The non-farm payrolls report is expected on Friday. This report measures the number of jobs created in the US in a month.
The Indian stock market is likely to remain volatile in the coming days ahead of these key data releases. Investors are likely to remain cautious and take a wait-and-see approach.
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