Overview
- Trump’s 50% tariff announcement forced export-oriented sectors offside, triggering net FII selling and driving benchmarks into their longest weekly losing streak in over five years.
- India’s July Consumer Price Index on August 12 and Wholesale Price Index on August 14 will be pivotal for assessing inflationary pressures and the RBI’s policy stance.
- Equity markets will shut on Friday for India’s 79th Independence Day as Prime Minister Narendra Modi delivers his traditional address from the Red Fort.
- Investors will watch four mainboard IPOs—BlueStone Jewellery, All Time Plastics, JSW Cement and Regaal Resources—alongside seven SME offerings as the primary market heats up.
- Q1 earnings from heavyweight firms including Hindalco Industries, Oil and Natural Gas Corporation, Indian Oil Corporation, BPCL and Muthoot Finance are set to influence sectoral flows.