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RBI Policy, TCS Earnings and Oil to Steer Markets
Investors in India will watch several things to understand how the stock market may move this week.
The Reserve Bank of India will announce its interest-rate decision.
Companies including TCS and DMart are also due to report their results.
New readings about activity in India’s services sector are expected on October 6.
TCS is scheduled to report its September-quarter earnings on October 8.
Oil prices above $100 a barrel are a concern because they can add pressure to India’s finances and inflation outlook.
Changes in US bond yields could also affect whether investors put money into emerging markets or US assets.
Indian shares have fallen for eight weeks in a row.
The RBI’s interest-rate decision, policy stance, inflation outlook and growth projections are expected to guide Indian markets.
TCS is scheduled to announce September-quarter earnings on October 8, while DMart is also due to report results.
India’s final HSBC Services PMI and Composite PMI readings for September are scheduled for October 6.
Analysts said Brent crude above $100 a barrel and global bond yields could affect inflation concerns and foreign investment flows.
Indian equities fell for an eighth consecutive week; the Sensex lost 2.68% and the Nifty 3.10% last week.
- Who
- Indian investors and market participants; the Reserve Bank of India and companies including TCS and DMart are among the key subjects.
- What
- Markets are watching the RBI policy decision, corporate earnings, economic data, crude oil prices, bond yields and foreign investor activity.
- Where
- India, with global oil prices and US Treasury yields also influencing market expectations.
- When
- The week following the article’s publication on October 4, 2026; PMI readings are due October 6 and TCS earnings October 8.
- Why
- These factors may affect interest-rate expectations, inflation concerns, investor sentiment and foreign investment flows.
Potential market support
Potential market pressure
US Treasury yields and foreign flows
Potential market support
A moderation in US Treasury yields could ease pressure on emerging-market assets and support foreign flows.
Potential market pressure
Further increases in yields could make US assets more attractive and encourage continued portfolio shifts away from emerging markets.
Key facts
- Publication date
- October 4, 2026
- TCS results
- September-quarter earnings scheduled for October 8
- India PMI readings
- Final September HSBC Services PMI and Composite PMI readings scheduled for October 6
- Brent crude
- Reported as trading above USD 100 a barrel
- Weekly Sensex change
- Down 1,986.04 points, or 2.68 per cent
- Weekly Nifty change
- Down 718.55 points, or 3.10 per cent
- September market change
- Sensex down 5.81 per cent; Nifty down 6 per cent
Quotes
Hariselvan Radhakrishnan
Founder and CEO of HST Wealth, a research analyst firm
“Crude oil remains the most immediate macroeconomic concern. Brent crude trading above USD 100 a barrel continues to intensify pressure on India’s external balances and inflation outlook, while persistent geopolitical uncertainty threatens to keep the risk premium in energy prices elevated.”
thehindubusinessline.com
“RBI's monetary policy meeting will be closely watched. The policy stance, inflation outlook and growth projections will provide important cues on the near-term trajectory of domestic interest rates and financial markets.”
thehindubusinessline.com
Sources
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