Dalal Street Week Ahead: Macro data, FPI activity, global cues set to influence market

It was yet another eventful week for Dalal Street participants, with the Nifty50 rallying 412.8 points - or 1.7 per cent - to 25,235.9 and Sensex adding 1,279.6 points - or 1.6 per cent - to settle at 82,365.8—both record closing highs. While the market will react to a five-quarter low GDP growth reading released last Friday, investors globally will remain optimistic about bigger and more frequent reductions in key lending rates in the coming months. 

After market hours on Friday, official data showed India's GDP expanded 6.7 per cent in the June quarter as against a widely expected 6.9 per cent. 

Here's a list of events and developments that are likely to influence Dalal Street in the trading week beginning September 2:  

DOMESTIC 

A private PMI reading on the country's manufacturing sector is scheduled to be released at 10:30 am on Monday. 

A separate PMI reading on services is due for release at the same time two days later. 

Corporate Action 

A bunch of stocks are set to trade ex-dividend during the week, including Deepak Fertilisers, Bondada Engineering, Goa Carbon, Karnataka Bank, Vinati Organics, TBZ, Parag Milk Foods, BLS International, IRCON, JBM Auto, GNFC, GSPL, KRBL, Metro Brands, Quess Corp, Vardhman Textiles, and Tatva Chintan Pharma Chem.

Institutional fund flows

Trading trends by foreign and domestic institutional investors will continue to be in the spotlight on Dalal Street. 

In August, foreign institutional investors (FIIs) net sold Indian shares to the tune of Rs 21,368.5 crore whereas domestic institutional investors (DIIs) made net purchases of Rs 48,279 crore, according to provisional exchange data. 

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GLOBAL

September 2: Japan, France, Germany, and Eurozone manufacturing PMI data
September 3: UK retail sales data, US manufacturing PMI data
September 4: Japan, France, Germany, Eurozone, UK services data; US trade data, Fed Beige Book release
September 5: Eurozone construction PMI and retail sales data; US jobless claims, services PMI, crude oil stockpiles data 
September 6: Germany and France trade data; Eurozone GDP data; US unemployment data

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