Macro data, global indices, IPO activity that may influence the market


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National macroeconomic data, global indices and foreign fund flows will remain center stage on Dalal Street this week. Investors will closely watch any wild moves in Crude Oil and the Rupee as well.

Macroeconomic data, foreign fund flows and IPO activity are expected to be on investors’ radar on Dalal Street this week. Globally, investors will be watching a series of speeches from central bankers for clarity on how COVID-era interest rates are shaping up, as runaway inflation and slowing economic growth continue to mount. affect their risk appetite.

Movements in crude oil and exchange rates will also be closely monitored.

The week that was

Indian equity benchmarks Sensex and Nifty50 rose 1.7% each last week for financial and IT stocks, after two straight weeks of losses, as investors broadly digested hawkish remarks from Fed policymakers. and the ECB’s unprecedented 75 basis point rise in key pricing.

“As Europe’s energy crisis continued to haunt investors, renewed efforts by Chinese policymakers to bolster their economy boded well for Chinese stock markets. In an effort to stabilize falling oil prices, the OPEC+ has opted to cut production given the faltering global growth outlook,” said Vinod Nair, head of research at Geojit Financial Services.

Broad-based gains supported the market, supported by continued inflows from foreign institutional investors. Nifty Bank posted a third consecutive weekly gain.

Macro data, global indices, IPO activity that may influence the market

A total of 37 stocks in the Nifty50 basket rose for the week. Shree Cement, Tech Mahindra, Adani Ports, Bharat Petroleum and Axis Bank were the main winners.

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On the other hand, Bajaj Auto, Tata Motors, Nestlé, Tata Consumer and Britannia were the main laggards.

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Broader indices also strengthened, with the Nifty Midcap 100 advancing for the 12th consecutive week.

Index Weekly change (%)
Clever Midcap 100 2
Clever small cap 100 3.3

Foreign institutional investors remained net buyers of Indian equities, following net new buyers for a first full calendar month since September 2021.

Macro data, global indices, IPO activity that may influence the market

Here are the main factors and events likely to influence Dalal Street in the week of September 12:

DOMESTIC INDICES

Macroeconomic data

Separate data on industrial production and consumer inflation in India are due on Monday.

Data on wholesale inflation in the country will be released on Wednesday.

Initial Public Offering

Tamilnad Mercantile Bank shares will debut on the BSE and NSE exchanges on Thursday, September 15. According to dealers, the lender has commanded a premium on the gray market — or an unofficial market for unlisted securities — since launching its IPO.

The initial sale of TMB shares concluded last week with nearly three times subscription.

Macro data, global indices, IPO activity that may influence the market

Harsha Engineers International’s IPO to raise up to Rs 755 crore will launch on September 14 and close on September 16. The share sale is a combination of a new issue of shares worth Rs 455 crore and an offer to sell (OFS) worth Rs 300 crore by existing shareholders.

GLOBAL INDICES

Date WE Europe Asia
September 12 UK GDP and Industrial Production Data, ECB Vice President Luis de Guindos and Executive Board Member Isabel Schnabel will speak
September 13 Inflation data Germany Inflation Data, UK Inflation Data, ECB Supervisory Board Chair Andrea Enria and Member Elizabeth McCaul will speak, BoE Governor Andrew Bailey will speak
September 14 Crude Oil Inventories UK Inflation and Inflation Data, Eurozone Factory Output Data, Elizabeth McCaul and ECB Executive Board Member Philip Lane will speak Data on industrial production in Japan and Hong Kong
September 15 Retail sales data, unemployment insurance claims data, trade data, factory production data, natural gas inventory data Wholesale inflation data from Germany, inflation data from France, Luis de Guindos and Elizabeth McCaul will speak Japan trade data
September 16 Consumer sentiment data UK retail sales data, France car registration data, Eurozone inflation data Data on industrial production, retail sales and unemployment in China


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