Overview

• Q1 earnings from major companies such as IndusInd Bank, Maruti Suzuki, Hindustan Unilever and ITC will be the primary catalyst for domestic equity sentiment this week
• Foreign institutional investors shifted to heavy selling in July, withdrawing over ₹28,000 crore and weighing on benchmark indices
• The Nifty has broken below its 50-day EMA and 61.8% Fibonacci retracement level, reflecting a neutral-to-bearish technical bias
• Market participants are focused on the Federal Reserve’s rate decision and Chair Jerome Powell’s guidance for clues on future capital flows into emerging markets
• With the Trump tariff suspension expiring on August 1, markets are also bracing for heightened volatility from macroeconomic data including IIP, PMI, auto sales and derivatives expiry