Dalal Street enters a crucial week with the Reserve Bank of India's interest-rate decision, the ongoing US-Iran conflict, crude oil prices and a fresh round of quarterly earnings set to dominate investor sentiment, according to Business Today.
RBI MPC meeting set for August 3–5
Business Today reported that the RBI's Monetary Policy Committee (MPC) meeting, scheduled from August 3 to 5, will be the biggest domestic event on investors' radar. Market participants will also track India's Manufacturing and Services Purchasing Managers' Index (PMI) data, while June-quarter earnings from several large companies are expected to drive stock-specific moves.
"This week is expected to be eventful, with the RBI Monetary Policy Committee (MPC) meeting (August 3-5) emerging as the key domestic trigger. Market participants will also closely monitor the ongoing Q1 FY27 earnings season, with several largecap and midcap companies scheduled to announce their results," Ajit Mishra, senior vice president of research at Religare Broking Ltd, told PTI.
Middle East tensions and crude oil in focus
Alongside domestic developments, investors will closely watch the situation in the Middle East. Business Today reported that analysts said any further escalation in the US-Iran conflict and its impact on crude oil supplies through key shipping routes could influence market sentiment.
"Globally, developments surrounding the US-Iran conflict, stability of crude oil supplies through key shipping routes will remain important drivers of market sentiment," Mishra said.
Ponmudi R, CEO of Enrich Money, said geopolitical developments would remain a major focus for investors.
"Investor attention this week will remain firmly focused on geopolitical developments in West Asia, with any further escalation in the US-Iran conflict likely to have an immediate impact on crude oil prices and broader global risk sentiment," he said.
Q1 FY27 earnings season gathers pace
The June-quarter earnings season will accelerate this week, with DLF, Bharti Airtel, ONGC, Hero MotoCorp, LIC and State Bank of India set to announce their results, Business Today reported.
| Company | Scheduled announcement |
|---|---|
| DLF | June-quarter results |
| Bharti Airtel | June-quarter results |
| ONGC | June-quarter results |
| Hero MotoCorp | June-quarter results |
| LIC | June-quarter results |
| State Bank of India | June-quarter results |
Siddhartha Khemka, head of research, wealth management at Motilal Oswal Financial Services Ltd, said domestic factors continue to support the market.
"Indian equities are expected to trade with a positive bias as healthy domestic macros, and a strong Q1FY27 earnings season continue to support investor confidence. Market participants will closely monitor the RBI's monetary policy decision, India's Manufacturing and Services Purchasing Managers' Index (PMI) data, along with developments in crude oil prices and geopolitical tensions in West Asia," Khemka said.
Foreign investors turn net buyers in July
Foreign investor activity will remain in focus after overseas investors turned net buyers in July, ending four straight months of selling, according to Business Today. They invested Rs 20,200 crore in Indian equities during the month, supported by attractive valuations, improving corporate earnings and easing global headwinds.
Market recap: Sensex and Nifty close higher
Business Today reported that last week, the BSE Sensex ended 2,034.87 points, or 2.67% up, while the NSE Nifty closed 616.15 points, or 2.59% higher.
| Index | Points change | Percentage change |
|---|---|---|
| BSE Sensex | +2,034.87 | +2.67% |
| NSE Nifty | +616.15 | +2.59% |
For executives and investors, the calendar ahead combines a domestic monetary policy decision, a heavy June-quarter earnings schedule and geopolitical risk in West Asia, with crude oil price movements through key shipping routes as the external variable most likely to drive sentiment, based on the factors reported by Business Today.
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