CPI data, FII mood among 8 factors to drive D-Street this week

economictimes.indiatimes.com:

Therefore, rangebound trade could be seen in indices in the truncated week ahead. The stock markets are closed on Tuesday for Independence Day.

“As we approach a shortened trading week, several factors will influence market dynamics. macroeconomic indicators, rupee fluctuations, and FII activities will be pivotal in shaping market trends in the coming days,” said Santosh Meena, head of research, Swastika Investmart.1) Macroeconomic Indicators In the week ahead, the consumer price inflation for July will be released, and investors will closely track it, as it is widely expected to move back above the Reserve Bank of India’s 2-6% tolerance band in the backdrop of higher vegetable prices.

While releasing its monetary policy statement, the RBI projected July CPI inflation at 6.2%. In the week ahead, the UK will release its CPI inflation for July, and the US Federal Reserve will release the minutes of its last policy meeting.2) Q1 Earnings We have reached the final leg of the earnings season.

Among the big ones, ITC, Divi’s Laboratories, and Vodafone Idea are slated to release their quarterly earnings on Monday. A bunch of smallcap companies will be releasing their earnings, including Career Points, Easy Trip Planners, Fiem Industries, Future Consumer, Globus Spirits, GMR Airports, Hindustan Copper, Jagran Prakashan, Meghmani Organics, PC Jeweller, and Wockhardt.3) Global MarketsWith the earnings season and RBI’s monetary policy behind, investors’ focus will move back to global markets for cues.

In the week gone by, while Indian equities gave negative returns, US markets were positive and in Europe and Asian markets, the trend was largely mixed. “With the global economic mood getting challenging due to slackening Chinese