In the upcoming week, stock investors will keep their eyes peeled on the US Federal Reserve monetary policy meeting, with expectations running high there’ll be another interest rate cut coming in.
Besides this, analysts and traders will track ongoing quarterly earnings and other macroeconomic data for market direction, experts opine, who also say further progress in India-US trade talks will be the key focus of stock analysts.
“Globally, the focus will shift to the US Federal Reserve’s policy decision on October 29, which could influence global liquidity trends and risk sentiment,” said Ajit Mishra – SVP, Research, Religare Broking Ltd, adding, “On the macroeconomic front, India’s Industrial Production data for September, due on October 28, will be closely tracked for signs of industrial recovery.”
Additionally, market participants will monitor developments surrounding the scheduled US-China presidential meeting, which could further ease trade tensions and impact global markets, Mishra added.
“The ongoing Q2FY26 results season will continue to shape market direction, with several major companies scheduled to release their financials. Investors will first react to Kotak Mahindra Bank’s results, followed by updates from IOC, TVS Motor Company, Larsen & Toubro, Hindustan Petroleum, ITC, Cipla, Dabur, Maruti and ACC,” he said.
Also Read: Foreign fund flows, global trends, to drive markets this week
Trading activity of foreign investors and movement of Brent crude oil would also be tracked by investors.
“On the domestic front, progress in India-US trade negotiations will remain a key focus for investors in the coming week,” observed Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm.
India and the US have indicated they are “very near” to finalising a bilateral trade deal, even as Commerce and Industry Minister Piyush Goyal insisted that New Delhi will not do any deal in a hurry or with a “gun to our head”.
Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, said the macro-heavy week will follow the holiday-shortened previous week, and therefore gain greater significance.
“Investors will closely track key data, including US GDP, interest rate decisions from the US Federal Reserve, European Central Bank (ECB), and Bank of Japan, along with China’s manufacturing PMI and India’s Industrial Production data,” he said.
Last week, the BSE benchmark climbed 259.69 points or 0.30 per cent, and the Nifty went up by 85.3 points or 0.33 per cent.
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