Global cues, last leg of Q2 earnings, macro data, FII flows among other triggers may dictate markets trend next week - know details here!

Market Next Week: The Indian markets are likely to influenced by the global cues, last leg of July-September quarter earnings, crucial macroeconomic data such as CPI (Consumer Price Inflation) and WPI (Wholesale Price Index) among others in the coming amid the absence of any major event, analyst expect.

They also believe other factors such as foreign investors flow, currency and crude oil movement may also dictate the trend for Indian indices next week.

“In absence of any major event, participants will be eyeing crucial macroeconomic data viz. CPI and WPI inflation for cues. Besides, the performance of global indices and foreign flow trends will also remain on their radar,” Ajit Mishra, VP - Research, Religare Broking said.

“As we enter the last leg of the earnings season, companies like Biocon, Bharat Forge, Grasim, ONGC and IRCTC will announce their numbers along with several others,” Mishra added.

Meanwhile, Pravesh Gour, Senior Technical Analyst, Swastika Investmart said that the Indian equity markets are constantly receiving funding from foreign investors, and Friday marked their 11th straight trading session of purchases.

As US bond yields and the dollar index decline, they might assist in the market reaching a new record high, Gour also said, adding that the sentiment will continue to be driven by the movement of the world markets, Indian indices will also be keeping an eye on our domestic inflation statistics.

As the battle against inflation is far from over, market investors will be watching the inflation numbers from the United Kingdom and India with bated breath, Apurva Sheth, Head of Market Perspectives, Samco Securities said in its next week's expectations.

On the global front, Sheth said that the UK's unemployment rate would also be in the news since it was 3.5% in August, which was the lowest since 1974, while in the US, numbers for PPI, Industrial Production, and Jobless Claims are expected, which may impact market sentiment internationally.

“There will be several fresh IPO listings on D-street back home. Meanwhile, investors are curious to see if the market gain in the frontline indexes persists,” the market expert Sheth said in its comment.

The Nifty ends at a fresh 52-week high and Bank Nifty ends at a fresh all-time high, but the broader market underperformed last week; in fact, the midcap and smallcap indices both registered losses.

Amidst a rebound in international markets, the Nifty is getting closer to its all-time high; its previous all-time high was 18604 on October 21, 2021.