Tomorrow a special for the stock market, the impact of GDP figures will be seen

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By: Jeet Ghosh

Last Update: 2020-11-30 19:35:51 IST

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RBI's meeting is scheduled to be held this week. Under the pressure of retail inflation that has reached the top of 6 years, the Reserve Bank can once again keep policy rates unchanged.

The stock market is closed on Monday on the occasion of Guru Nanak Jayanti. The stock market will open on Tuesday after being closed for three consecutive days. By the way, November was excellent for the stock market and investors. Now everyone's eyes are set on December 1, how the market moves. 

Market giants expect the market to remain positive going forward. They believe that there will also be a possibility of profit booking. Investors globally will be watching the developments related to the announcement of stimulus measures by the new US government. Markets are likely to be in the mood for holidays this week.

First, the stock market will react to GDP figures. GDP figures were released after the market closed on Friday. The data proved all estimates wrong. It was estimated by all economic agencies that GDP would fall by more than 10 percent, but it fell by only 7.5%. With this, there is hope that the situation of the economy will improve rapidly with better consumer demand.

RBI's meeting is scheduled to be held this week. Under the pressure of retail inflation that has reached the top of 6 years, the Reserve Bank can once again keep policy rates unchanged. Experts claim that there will be no change in the repo rate for the third consecutive time in the meeting of the Monetary Policy Committee (MPC) to be held from December 2 to 4.

Auto sales figures also will be in focus on the sales figures of November auto companies. October was a good month for auto companies. It is now expected that in November sales figures can come better. Because many types of offers have been given in the festive season. 

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