Dalal Street Week Ahead: Macro data, FII activity, global cues set to influence market

Macroeconomic data, institutional investor trading activity, and global cues are set to be at the centre stage on Dalal Street during the trading week from September 9 to September 13, after headline indices logged weekly losses to the tune of about 1.5 per cent each. In the last trading week, from September 2 to September 6, the Sensex lost 1,181.84 points while the Nifty50 shed 383.8 points to settle at 81,183.9 and 24,852.2, respectively, primarily owing to a fag-end sell-off following a one-way rally that continued for 14 sessions in the 50-blue-chip index. 

Here are a few things to watch out for on Dalal Street in the coming trading week: 

DOMESTIC CUES

Official data on domestic consumer inflation—or the rate of increase in the prices consumers pay for a selection of goods and services—is due at 5:30 pm on Thursday. Consumer inflation, also known as retail inflation, is measured by the Consumer Price Index (CPI). 

Separate data on the country's factory output—determined by the Index of Industrial Production (IIP)—will be released at the same time that day.   

Data on wholesale inflation in the country, gauged by the Wholesale Price Index, will be released at noon on Monday, September 16.

Institutional investors will continue to be in the spotlight, with FIIs and DIIs having made net purchases of Indian shares to the tune of Rs 1,401 crore and Rs 5,546 crore so far this month, according to provisional exchange data. In August, FIIs net sold shares worth Rs 20,339 crore while DIIs net bought shares worth Rs 50,175 crore, according to the data. 

Corporate Action

Besides, benchmark crude oil prices and the rupee-dollar exchange rate will continue to be in focus.

GLOBAL CUES

• Monday: Japan GDP data, China inflation data
• Tuesday: China trade data, UK unemployment data
• Wednesday: UK GDP data, BoJ board member Junko Nakagawa due to speak, UK factory data, US inflation & crude oil stockpiles data
• Thursday: US jobless claims data
• Friday: Japan factory data, France inflation data, US trade data

Catch all the latest stock market updates here. For all other news related to business, market, tech and auto, visit Zeebiz.com.