RBI Policy, TCS Earnings to Steer Markets Amid Crude Price Pressures

The upcoming week will be crucial for Indian stock markets, driven by several key factors. On Thursday, the Reserve Bank of India (RBI) is set to announce its monetary policy decision, which will provide cues on domestic interest rates and financial markets.

Tata Consultancy Services (TCS), a heavyweight index constituent, will also announce its September quarter earnings on October 8.

Additionally, the Indian rupee's weakness and elevated crude oil prices will continue to weigh on investor sentiment. Brent crude has been trading above $100 per barrel, putting pressure on India's external balances and inflation outlook.

Global bond yields will also be a significant determinant of risk appetite. A moderation in US Treasury yields could ease pressure on emerging-market assets and support foreign flows, while a further rise in yields may reinforce the relative appeal of US assets.