As we head into the final week of July and enter August, markets are bracing for a flood of economic indicators, earnings reports, and corporate actions, both in India and globally. These cues will shape investor sentiment, drive sectoral movements, and possibly dictate the short-term direction of equities. Here’s a detailed breakdown of what to watch this week.
Starting with India, several key macroeconomic data releases are lined up. On July 28, June’s industrial production figures will be announced. This will be followed on July 31 by the fiscal deficit data and the monthly Nifty expiry, both critical indicators for traders and policymakers alike. August 1 will be a significant day with the release of HSBC manufacturing PMI and monthly auto sales data, providing insights into factory output and consumer demand trends.
Global economic cues are equally crucial. In the United States, July 29 will see a deluge of economic indicators, including merchandise trade, Conference Board Consumer Confidence, job openings data, and the commencement of the Federal Reserve’s policy meeting. The following day, July 30, will bring the Fed’s rate decision and GDP data, both of which are highly anticipated. On July 31, data on consumer income and spending, the PCE price index, and jobless claims will be released. August 1 rounds up the week with the S&P Global manufacturing PMI, ISM manufacturing, and the University of Michigan's consumer sentiment.
The United Kingdom will release trade data and the S&P Global manufacturing PMI on August 1, while in the Eurozone, July 29 will reveal consumers’ inflation expectations, followed by GDP and consumer confidence data on July 30. Eurozone unemployment data will be out on July 31.
From Asia, China’s key numbers start with industrial profits on July 27, followed by manufacturing and non-manufacturing PMIs on July 31, and S&P Global manufacturing PMI on August 1. In Japan, July 31 will see critical announcements including the central bank's rate decision, industrial production, and retail sales. Japan will also release unemployment data and S&P Global manufacturing PMI on August 1. Meanwhile, in Germany, August 1 will bring CPI data and the HCOB manufacturing PMI.
On the earnings front, a slew of global corporate results is lined up. July 28 will see reports from Nomura, Singapore Airlines, Essilor, and Heineken. July 29 will feature Barclays, Visa, L’Oréal, and AstraZeneca. July 30 will be heavy with earnings from HSBC, Microsoft, Meta, Hermes, and Qualcomm. On July 31, giants like Apple, Samsung, Amazon, Hitachi, Mastercard, and Shell will release their numbers. Exxon and Chevron are set to report on August 1.
Devyani International will follow AGM on July 28. July 29 will see meetings from Happiest Minds, Borosil, Aadhar Housing Finance, and IDFC First Bank. AB Real Estate, Greaves Cotton, Piramal Pharma, and Firstsource Solutions will conduct their AGMs on July 30. July 31 has the busiest AGM schedule with companies like M&M, Navin Fluorine, Chola Inv and Fin, Sonata Software, Heritage Food, Sun Pharma, Thyrocare, Apollo Tyres, UTI AMC, Symphony, Union Bank, GE Shipping, Tube Investments, and Godrej Properties all slated to hold meetings.
Corporate action activity is also significant this week. On July 28, Torrent Pharma and JK Paper boards will mull fundraising plans. DLF, KPIT Technologies, and Wipro will trade ex-dividend. It will also be the last day to buy shares of Alembic Pharma, Punjab & Sind Bank, and SRF to be eligible for dividend benefits. On July 29, Piramal Enterprises and GMR Airports boards will consider fundraising proposals. July 30 marks the final day to buy shares of Balkrishna Industries, BPCL, Coforge, Godrej Agrovet, Granules, JK Tyre, United Breweries, and V-Guard to receive dividends. Lastly, on July 31, Cholamandalam Finance's board will meet to discuss fundraising.
As the month concludes and August begins, market participants should prepare for heightened volatility and multiple triggers from across the globe. Each of these events—whether domestic data, central bank actions, or corporate earnings—could significantly influence investor behavior and market trends in the days ahead.
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