Crude Oil, Geopolitics, Inflation Data to Drive Markets This Week
Markets will be driven by crude oil prices, geopolitical tensions in West Asia, and upcoming inflation data this week, according to analysts. The Strait of Hormuz developments, foreign investor trading activity, and domestic quarterly earnings will also remain key monitorables for the Indian stock market.
Ajit Mishra from Religare Broking Ltd said that domestically, investors will closely monitor the July CPI inflation print, WPI inflation, and the latest foreign exchange reserves data. The Q1 FY27 earnings season will gain further momentum with several companies announcing their quarterly results, including HAL, Bharat Forge, Grasim Industries, and Tata Motors.
Globally, market participants will continue to monitor developments surrounding the Strait of Hormuz and broader geopolitical negotiations involving Iran. Crude oil prices will remain another key factor for Indian markets, according to Ponmudi R from Enrich Money.
Foreign Portfolio Investors (FPIs) maintained their buying spree in Indian equities, investing Rs 12,921 crore in the first week of August. The BSE benchmark Sensex climbed 404.53 points or 0.51 per cent, and the NSE Nifty went up by 187.05 points or 0.76 per cent last week.