RBI Policy, Q1 results, macro data, and more: Check key triggers for stock markets this week

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macroeconomic data, foreign capital inflow, and upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI). Domestic equity benchmarks Sensex and Nifty closed with decent gains on Friday (August 4), snapping their three-day losing run, amid positive global cues. Sensex closed 481 points, or 0.74 per cent, higher at 65,721.25 while the Nifty closed at 19,517, up 135 points, or 0.70 per cent.

HDFC Bank, Reliance Industries, Infosys, TCS and Bharti Airtel were the top contributors to the gains in the Sensex index. Mid and smallcap indices slightly underperformed the benchmark index on Friday. The BSE Midcap index closed with a gain of 0.65 per cent while the Smallcap index ended 0.66 per cent higher.

For the week, Sensex and Nifty fell 0.66 per cent each while the BSE Midcap index ended flat. The BSE Smallcap index clocked a gain of 1.51 per cent. ‘’After the upbeat start, pressure in the middle pushed the index lower as the week progressed, however a rebound in the final session trimmed some losses...The majority of sectors traded in sync and edged lower wherein realty, FMCG and auto were the top losers.

Amid all, the broader indices managed to outperform for yet another week and gained nearly a per cent each,'' said Ajit Mishra, SVP - Technical Research, Religare Broking. Analysts at Geojit Financial Services highlighted that the domestic market recovered from the impact of weak global cues, gaining support from positive domestic earnings led by IT and pharma stocks. Going forward, a buzzing week awaits the primary market with two public issues to be rolled out for bidding.