- Benchmark indices ended higher for the week, with Nifty up 0.53% to 24,334.30 and Sensex up 0.75% to 78,151.45.
- FIIs extended their selling streak for the fifth session on Friday with a net outflow of ₹376.41 crore, while DIIs remained net buyers for the eighth straight session with purchases of ₹1,017.89 crore.
- The US carried out fresh strikes on Iran after an earlier Iranian attack in Jordan killed two American military personnel.
- Oil prices jumped more than 4% on Friday to their highest level in over a month, with Brent moving towards USD 95 a barrel.
- Warsh will deliver keynote remarks at the Jackson Hole symposium for the first time as Fed leader.
- Nvidia is set to report its Q2 results on August 26, which could influence Indian technology stocks and broader market sentiment.
- Multiple IPOs are scheduled to open, close, and list during the week, including Tempsens Instruments and Augmont Enterprises.
- Geopolitical risks are influencing market sentiment, particularly due to the US-Iran situation, which could weigh on global risk sentiment and Indian equities.
- Crude oil prices are expected to remain a key market driver amid concerns over global supply disruptions and developments related to shipping routes in the Strait of Hormuz.
The Indian equity market is gearing up for a pivotal week as Q1 earnings season kicks off, with over 250 companies set to report.
Investors are particularly focused on the geopolitical landscape, especially the escalating tensions between the US and Iran.45
Following recent US strikes on Iran, oil prices surged over 4%, raising concerns about supply disruptions in the Gulf region.67
Crude oil prices are expected to remain a key market driver amid these geopolitical tensions.15
Foreign institutional investors (FIIs) have been net sellers for five consecutive sessions, with a provisional outflow of ₹376.41 crore, while domestic institutional investors (DIIs) have remained net buyers.23
Kevin Warsh's keynote at the Jackson Hole symposium is anticipated to provide insights into the Federal Reserve's approach to inflation and interest rates.89
“Investors will closely monitor the Jackson Hole symposium, particularly comments from the US Federal Reserve Chairman,” said Ajit Mishra, SVP, Research at Religare Broking.
As the market reacts to these developments, corporate commentary on demand trends and margins will be crucial in shaping investor sentiment.
In the US, economic data releases, including GDP estimates and consumer confidence, will further influence market dynamics.
Overall, the interplay of domestic earnings, geopolitical risks, and global economic indicators will be critical for Dalal Street in the coming week.14
“Nifty gained 0.53% to close at 24,334.30 while Sensex rose 0.75% to 78,151.45, despite FIIs selling for a fifth straight session with a net outflow of Rs 376.41 crore. DIIs remained net buyers for an eighth session, purchasing Rs 1,017.89 crore worth of equities.”
