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Fed Decision, Oil Prices to Guide Indian Stocks Next Week
Indian stock markets had a weak week and the Nifty fell for the fifth week in a row.
The markets will be closed on Monday for Ganesh Chaturthi.
Investors will watch world markets, oil prices and bond yields when trading resumes Tuesday.
The biggest event will be the United States Federal Reserve’s interest-rate decision on Wednesday.
Investors are also waiting to see what the Fed says about future rates.
Higher oil prices could make inflation and India’s import costs worse.
Decisions from the Bank of England and Bank of Japan may also affect markets.
Together, these global developments could cause Indian shares to rise or fall next week.
Indian markets will be closed Monday for Ganesh Chaturthi, making Tuesday the first trading day of the holiday-shortened week.
The Federal Reserve’s interest-rate decision and economic projections are scheduled for Wednesday, September 16, at 11:30 p.m. IST.
The Nifty fell 79.70 points to 23,398.10 on Friday, recording its fifth consecutive weekly decline.
Brent crude settled at $104.61 a barrel after briefly nearing $110, raising concerns about inflation, margins and India’s import bill.
The Bank of England and Bank of Japan will also announce policy decisions, adding to global monetary-policy uncertainty.
- Who
- Indian equity investors, the US Federal Reserve, the Bank of England and the Bank of Japan.
- What
- Global interest-rate decisions, crude-oil movements and monetary-policy guidance are expected to influence Indian stocks.
- Where
- Indian stock markets, with global policy decisions and commodity markets influencing trading.
- When
- During the holiday-shortened week following the Friday close; the Fed decision is scheduled for Wednesday, September 16, at 11:30 p.m. IST.
- Why
- Investors are assessing the effects of interest rates, inflation, bond yields, crude oil, corporate margins and India’s import bill.
Key facts
- Nifty Friday close
- 23,398.10, down 79.70 points, or 0.34 per cent.
- Sensex Friday close
- 74,781.76, down 120.83 points, or 0.16 per cent.
- Nifty trend
- The index recorded its fifth consecutive weekly decline and touched a three-month low during the week.
- Market holiday
- Indian markets will be closed Monday for Ganesh Chaturthi.
- Fed announcement
- The Federal Reserve’s decision and economic projections are scheduled for Wednesday, September 16, at 2 p.m. EDT, or 11:30 p.m. IST.
- Brent crude
- Brent settled at $104.61 a barrel after briefly approaching $110.
- Other policy decisions
- The Bank of England and Bank of Japan are also scheduled to announce policy decisions during the week.
Sources
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