Stock Market Outlook: Global trends, macroeconomic data, and RBI's decision on interestratese will decide the direction of the stock markets this week. Analysts said that this week investors will also keep an eye on the monthly auto sales data. Santosh Meena, Head of Research, at SwastikInvestmentrt Limited, said, "Markets may react to the disappointing GDP growth of 5.4 percent on Monday. The upcoming RBI policy will be important, with investors keeping an eye on both the interest rate decision and the comments." He further said that on the global front, concerns remain about geopolitical tensions, especially the situation in Russia-Ukraine. Meena further said that important macroeconomic data such as manufacturing PMI from India, the US, and China will also affect the market.

Poor performance of manufacturing and mining sectors

India's economic growth rate fell to a two-year low of 5.4 percent in the July-September quarter of the current financial year due to poor performance of the manufacturing and mining sectors as well as weak consumption. However, the country still remains the fastest-growing major economy.

Indian stock markets witnessed a lot of volatility last week, however, the markets closed with gains at the end of the week.

What other factors will be important?

Palka Arora Chopra, Director, Master Capital Services Ltd, said, "Market outlook will be influenced by key domestic and global economic factors such as India's manufacturing PMI, services PMI, interest rate decision, US S&P global composite PMI, manufacturing PMI, services PMI, non-agricultural employment data."

How was your performance last week?

Last week, the BSE's key index Sensex jumped 685.68 points or 0.86 percent. On the other hand, the NSE Nifty rose 223.85 points or 0.93 percent. Analysts said that the market will also be affected by the price of crude oil and the US dollar.