- Sensex declined 276.32 points (0.35%) and Nifty dipped 76.35 points (0.31%) last week.
- On Friday, Sensex gained 331 points (0.43%) to close at 77,264.51, while Nifty advanced 85 points (0.35%) to 24,175.65.
- Foreign portfolio investors (FPIs) infused ₹30,919 crore in Indian equities in August, extending their buying streak to a second straight month.
- India's Q1 FY27 GDP data will be released on August 31, which is expected to influence market sentiment.
- The US August non-farm payrolls report is scheduled for September 4, which will be a key market trigger.
- Investors will also monitor PMI readings, GST collections, forex reserves, and rupee movement this week.
- The Indian stock market is poised for a volatile week, influenced by domestic GDP figures and fluctuating crude oil prices.
- Global monetary-policy expectations and crude oil prices are likely to remain key drivers for markets in the coming weeks.
- The broader market showed resilience, with Midcap and Smallcap indices advancing about 0.52% and 0.51%, respectively.
The Indian stock market is bracing for a turbulent week ahead, driven by key economic indicators including domestic GDP data, crude oil prices, and the US non-farm payrolls report.
Analysts predict that the Q1 FY27 GDP data, set for release on August 31, will be pivotal in shaping market sentiment. Ajit Mishra, SVP of Research at Religare Broking, emphasized that investors will also keep a close eye on India's August manufacturing and services PMI readings, GST collections, and foreign exchange reserves.46
The US non-farm payrolls report, scheduled for September 4, is expected to be a significant trigger for market movements, influencing expectations regarding the Federal Reserve's September policy decision. Mishra noted that the outcome could impact the US dollar, Treasury yields, and emerging-market fund flows.
Last week, the Sensex fell by 276.32 points (0.35%) and the Nifty by 76.35 points (0.31%), despite a rebound on Friday where the Sensex gained 331 points (0.43%). The broader market showed resilience, with Midcap and Smallcap indices advancing by 0.52% and 0.51%, respectively.129
Ponmudi R, CEO of Enrich Money, highlighted that global monetary policy expectations and crude oil prices will be key drivers in the coming weeks. He warned that any disruption to shipping routes could reverse recent gains, while a sustained recovery in shipping activity could ease geopolitical pressures on crude prices.
Overall, the market outlook remains cautious, with the 77,000 level seen as crucial support for maintaining the broader recovery structure.
“FPIs infused ₹30,919 crore in Indian equities in August, marking a second straight month of buying. Analysts flag the US non-farm payrolls report on September 4 as key, with Fed Chair Kevin Warsh's hawkish Jackson Hole remarks raising September rate hike expectations.”
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