Now Reading: Crude oil, West Asia, inflation data to drive markets this week
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Crude oil, West Asia, inflation data to drive markets this week
Crude oil, West Asia, inflation data to drive markets this week
Analysts say crude oil prices, geopolitical tensions in West Asia, and domestic inflation data will dictate Indian stock market direction this week. The July CPI inflation print on August 12 and WPI…
The Story in Brief
Analysts say crude oil prices, geopolitical tensions in West Asia, and domestic inflation data will dictate Indian stock market direction this week. The July CPI inflation print on August 12 and WPI inflation on August 14 are key domestic events. Globally, the US CPI and PPI releases and the situation around the Strait of Hormuz will be closely watched.
Foreign Portfolio Investors (FPIs) invested Rs 12,921 crore in Indian equities in the first week of August. Last week, the BSE Sensex rose 0.51 per cent and the Nifty gained 0.76 per cent. The Q1 FY27 earnings season continues with results from HAL, Bharat Forge, Grasim, and Tata Motors.
The Indian Opinion
Markets often overreact to Middle East tensions, but India's crude import dependence makes the Strait of Hormuz a genuine risk. Meanwhile, the celebration of FPI inflows ignores that domestic institutions have also been net buyers. The real test this week is not the noise but the actual July CPI number: if it comes above 4 per cent, the rate-cut narrative may cool.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
