GDP, Crude Oil, and Jobs Data to Steer India's Stock Market

India's stock market is set for a highly eventful week as domestic GDP data and global economic releases take center stage. The country's Q1 FY27 GDP data will be released on August 31, providing crucial insights into the domestic growth trajectory amidst elevated energy prices and geopolitical tensions.

Ajit Mishra, SVP at Religare Broking Ltd, emphasized that US employment data will remain a key trigger, with the August non-farm payrolls report scheduled for September 4. The outcome could significantly influence expectations regarding the Federal Reserve's September policy decision, the US dollar, Treasury yields, and emerging-market fund flows.

Foreign portfolio investors have maintained their buying trend in Indian equities during August, infusing Rs 30,919 crore in August, extending their buying streak to a second straight month. Analysts predict that India's Q1 GDP data will be an important factor for broader risk sentiment, offering greater clarity on the pace of domestic growth.

The US employment report is crucial for Federal Reserve policy decisions and global market sentiment. Markets will look ahead to the August jobs report, due September 4, along with the next inflation reading, as key data points in determining whether the recently increased expectations of a September rate hike hold or ease.