D-Street Week Ahead: Macro data, car sales, FII activity, global cues set to influence market
Share Market This Week: With domestic equity benchmarks not far from their all-time highs, market participants are preparing for a holiday-shortened trading week starting September 30. Analysts will focus on macroeconomic data, auto sales reports, institutional flows, and global trends. Also, primary market activities will be highlighted, in a year of notable IPOs and listing gains.
As domestic equity benchmarks hover close to their all-time highs after breaking a chain of records last week, market participants await a new trading week. The week beginning September 30 will be a holiday-truncated one with the Mahatma Gandhi Jayanti on Wednesday, October 2. Analysts say the focus will be on macroeconomic data, auto makers' monthly sales reports, institutional flow trends, and global cues as the market awaits a scheduled RBI policy review and the onset of a fresh corporate earnings season later this month. Primary market activity will also remain in the spotlight in a year that has given investors a number of blockbuster IPOs and listing gains. Here's a summary of key events and triggers you can expect in the four-trading-session week from September 30 to October 4.
DOMESTIC CUES | Share Market This Week
September 30
Official data on activity in eight core sectors–together known as infrastructure activity data–for August is due on Monday.
October 1
A private sector PMI survey report for September, covering manufacturing in the country, is due for release in the first half of the trading day on Tuesday.
Automobile manufacturers–including the likes of Maruti Suzuki India, Tata Motors, Mahindra & Mahindra, Bajaj Auto, TVS Motor Company, and Eicher Motors–will start to release their monthly sales reports on the first day of the month.
October 4
A private sector services PMI survey report is due on Friday. Besides, weekly forex data and bank loans data will also be released on the same day.
GLOBAL CUES | Stock Market This Week
September 30
- UK GDP data
- Japan industrial production and retail sales data
- China manufacturing data
- Germany trade & inflation data
- Fed Chair due to speak
- ECB President due to speak
October 1
- Eurozone manufacturing & inflation data
- Japan unemployment data
October 2
- US crude stockpiles data
- Japan consumer confidence data
- Eurozone unemployment data
October 3
- US jobless claims data
- UK services PMI data
- Hong Kong retail sales data
October 4
- US unemployment data
- UK car sales data
The week that was...
Last week, market participants witnessed yet another eventful week as Sensex rose 1,027.5 points, or 1.2 per cent, while Nifty50 added 388 points, or 1.5 per cent, having crossed the levels of 85,950 and 26,250 during intraday trade respectively. The week made investors richer by Rs 6.2 lakh crore, as the market capitalisation of BSE-listed companies rose to Rs 477.9 lakh crore from Rs 471.7 lakh crore, according to provisional exchange data.
Many analysts suggest that hopes of lower-for-longer interest rates in major economies and a bright outlook back home continue to support investor optimism on Dalal Street, following the Fed's surprise move this month to deliver a better-than-expected rate cut of 50 basis points (bps).
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