Dalal Street Week Ahead: RBI rate decision, TCS results, FII activity, global cues set to dictate market trend

Domestic equity benchmarks declined more than four per cent each last week amid a global sell-off as investors stared at rising geopolitical tensions in the Middle East. The Sensex fell 3,883.4 points, or 4.5 per cent, while the Nifty50 lost 1,164.4 points, 4.4 per cent, for the holiday-truncated week, settling about five per cent below their all-time highs of September 27. A number of key events await the markets this week, including a key policy decision by the RBI's Monetary Policy Commitee (MPC) and the scheduled release of Tata Consultancy Services' earnings report for the July-September (Q2 FY25) period.

ALSO READ: 5 blue-chip firms leave investors poorer by nearly Rs 4 lakh crore in a week

DOMESTIC CUES

The Reserve Bank of India Governor-led Monetary Policy Committee--the central bank's rate-deciding panel--is set to announce the outcome of its bi-monthly deliberations at 10 am on Wednesday, October 9. 

TCS is slated to kick off a new earnings season for India Inc, by reporting its financial results for the second quarter of the current financial year on October 10. 

Analysts will closely track monthly data on factory output in the country, gauged by the Index of Industrial Production (IIP), due at 5:30 pm on Friday. 

Separate readings on wholesale and retail inflation in the country are due on Monday next week. 

GLOBAL CUES

A number of central bankers are scheduled to speak during the week. Investors will track their remarks closely for any clues on the course of interest rates in the coming months. Last month, the Fed delivered a better-than-expected 50-bps cut in its key lending rates, but macroeconomic readings since then have dented hopes of more aggressive reductions in rates. 

• Monday: Eurozone retail sales data
• Tuesday: US trade data
• Wednesday: US crude oil stockpiles data, FOMC minutes
• Thursday: ECB minutes, US inflation & jobless claims data

Catch all the latest stock market updates here. For all other news stories in buzzing categories like technology, automobiles and personal finance, and much more, visit Zeebiz.com.