The week of September 13 to 19 is set to bring a range of critical domestic and global cues that could shape market sentiment across equities, currencies, and commodities. Investors will be closely monitoring economic data releases, central bank decisions, corporate actions, and global earnings reports during this period.
In India, September 15 will be important with the release of trade data, unemployment data, and the Wholesale Price Index. On September 16, the market will see the weekly Nifty expiry, followed by the weekly Sensex expiry on September 18. A significant event comes on September 19, when India’s forex reserves update is due, along with the FTSE all-cap and all-world index rejig around market close, which could trigger notable flows.
From the global front, the United States will draw attention with its retail sales data on September 16, which will reflect tariff impacts, along with industrial production figures. The Federal Reserve will begin its two-day policy meeting, concluding on September 17 with the FOMC rate decision. On the same day, investors will also track initial jobless claims. Across the Atlantic, the United Kingdom will publish jobless claims and unemployment data on September 16, followed by CPI and retail price index numbers on September 17, and finally, the Bank of England’s rate decision on September 18. Japan will remain shut on September 15 for a market holiday, but its Bank of Japan policy decision on September 19 will be critical.
In the Eurozone, September 16 will bring industrial production and ZEW survey expectations, followed by consumer price index data and the ECB wage tracker on September 17. From China, September 15 will deliver retail sales and industrial production numbers, with trade data scheduled for September 17.
On the corporate earnings front, General Mills will report results on September 17, which will be tracked globally. In India, several corporate actions are lined up on September 15. It is the last day to buy shares of Godfrey Phillips to be eligible for a 2:1 bonus issue. Companies like DOMS, Glenmark Pharma, IGL, KNR Constructions, Landmark Cars, Lux Industries, Phoenix Mills, Polyplex Corporation, and Texmaco will trade ex-dividend. The day also marks the last opportunity to buy shares of Balmer Lawrie, Dixon Tech, J Kumar Infra, Karnataka Bank, and Skipper to be eligible for dividends.
Central banks will be in focus this week. The US Federal Reserve will announce its policy decision on September 17. The current rate range stands at 4.25 to 4.50 percent, and markets are widely expecting the first cut of 25 basis points in the calendar year 2025. A Reuters poll showed that 105 out of 107 economists see a rate cut, with two predicting a deeper 50 bps cut. Markets have already priced in the September cut and are anticipating up to three reductions this year.
The Bank of England will deliver its decision on September 18 and is expected to hold rates steady at 4 percent. According to Reuters, most economists see one rate cut next quarter and another in early 2026.
The Bank of Japan, scheduled to meet on September 19, is expected to maintain interest rates at 0.5 percent. However, Governor’s commentary will be closely watched for signals on when the BOJ could resume rate hikes, which have been on pause since January amid concerns over tariffs. A Reuters poll indicates that most economists expect another 25 bps hike before the year-end.
Overall, the week ahead promises a flurry of activity with India-specific macro data, key global numbers from the US, China, and the Eurozone, and crucial central bank actions from the Federal Reserve, Bank of England, and Bank of Japan. Market participants will be bracing for volatility as these developments unfold.
