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SUMMARY
As Indian markets end August at record highs, investors are gearing up for a crucial week ahead, with a focus on macroeconomic data, auto sales, foreign fund inflows, and a slew of new IPOs set to drive market momentum. Here’s what you need to track in the upcoming week from September 2 to 6.
1 / 5August Ends on a High: Indian stock markets hit historic highs as August closed, driven by strong global cues and renewed foreign fund inflows. Investors were buoyed by growing expectations of a US Federal Reserve rate cut, which fueled market optimism throughout the month. On Monday, the market will first react to Q1 GDP numbers announced last Friday and auto sales data from some companies over the weekend.
2 / 5IPO Rush: Next week, the mainboard segment will see limited activity with Gala Precision Engineering’s ₹168 crore IPO opening on September 2, and Premier Energies listing on September 3. Meanwhile, the SME segment will be bustling with multiple IPOs, including Jeyyam Global Foods, Mach Conferences and Events, and Namo eWaste Management, alongside several listings like Indian Phosphate, Vdeal System, and Jay Bee Laminations.
3 / 5Focus on auto sales and macro data: Investors will closely monitor the release of crucial macroeconomic data, including HSBC India Services PMI and Manufacturing PMI for August. Additionally, the auto sector will be under the spotlight as companies report their monthly sales figures, providing key insights into economic momentum.
4 / 5FII & DII flows: The flow of funds from FIIs and DIIs will be crucial in the coming week. Last week, FIIs turned net buyers in the equity cash segment, purchasing ₹9,217 crore worth of shares, helping the market reach fresh record highs. This reduced their net selling for August to ₹21,369 crore. Meanwhile, DIIs remained net buyers, adding ₹1,198 crore during the week, bringing their total August inflow to ₹48,279 crore, though their activity slowed compared to previous weeks.
5 / 5Global Trends: Global cues, including US economic data and oil price movements, will be closely watched by investors. With Brent crude prices retreating, and the US Fed’s rate decisions on the horizon, these factors are likely to shape market trends in the coming week. Apart from the US economic data, the manufacturing and services PMI numbers from several developed and developing nations, as well as the third estimates for Europe’s June quarter GDP will be watched.
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