5 Factors that Will Affect Nifty, Sensex this Week

Indian stock markets have closed in the negative for the last two consecutive weeks. The markets will have to watch out for these five factors in the week:

Q1 earnings: Big names like Housing Development Finance Corporation Ltd (NS:HDFC), State Bank Of India (NS:SBI), and Punjab National Bank (NS:PNBK) from the financials space are scheduled to release their Q1 FY22 numbers this week. Mahindra & Mahindra Ltd. (NS:MAHM), Titan Company Ltd (NS:TITN), Adani Ports and Special Economic Zone Ltd (NS:APSE) and Adani Enterprises Ltd (NS:ADEL) are also releasing their numbers this week.

RBI policy: The Reserve Bank of India‘s (RBI) Monetary Policy Committee is scheduled to meet between August 4-6. While monetary policy is expected to retain status quo, the central bank’s stance on inflation will be key.

FII trades: Foreign institutional investors net sold Rs 23,193.39 crore of Indian equities in July, the most since March 2020. Will they continue to do the same in August as well？

US jobs report: The US Jobs report is scheduled to come out on Friday, and it is expected to show an addition of 788,000 jobs according to an estimate by Dow Jones. The US is still 6.8 million jobs short of what it was in the pre-pandemic era.

Delta cases: All eyes will be on cases rising from the delta variant of the virus. Vaccination pace is going to be key to handle this situation. Asian markets are trading positive as of this report. Nikkei 225 and the Shanghai Composite are up 1.68% and 1.04% while the KOSPI 50 is up less than 0.1%. Dow Jones 30 Futures are up 0.45%. S&P 500 Futures are up 0.5% and Nasdaq 100 Futures are up 0.47%.

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