Indian equities are set to navigate a week of critical economic indicators and geopolitical tensions. The US Federal Reserve's minutes from its October meeting, due on November 18, will be closely watched, especially after Fed Governor Christopher Waller hinted at potential rate hikes in December. Analysts like Hariselvan Radhakrishnan of HST Wealth caution that hawkish signals could push Treasury yields above 5 percent.
Crude oil prices remain volatile amid US-Iran tensions, with Brent crude rising after recent declines. Iranian officials have issued warnings against further US military action, while attacks in West Asia continue to escalate. The rupee's movement, which depreciated to 94.19 against the dollar on Friday, will also influence market sentiment.
Foreign investors have returned to Indian equities, injecting Rs 84,290 crore in the first half of November after two months of outflows. The primary market will see three IPOs opening this week, including offerings from Crystal Crop Protection and Mahanadi Coalfields. Meanwhile, global economic data from the US, UK, and Japan will provide additional cues for investors.
Domestic economic indicators, such as wholesale price inflation and merchandise trade data for October, will be released on November 16. Investors will also monitor Nvidia's earnings and broader global technology stock volatility, which could impact Indian IT companies. Vedant Gupte of Trackk notes that foreign buying has been tactical, driven by falling crude prices and attractive valuations.