Week ahead: FOMC minutes, rupee movement, crude price to weigh on Sensex, Nifty

#BSE #China #CrudeOil

The stock markets will remain closed on Monday, August 15, 2022 due to Independence Day
FOMC minutes for the July policy meeting are due to be released on Wednesday
Japan will release the July inflation rate on August 19, 2022

Written By:Yash

Updated: August 14 2022 05:46:31 AM ET

The movement of the rupee against the dollar and crude oil prices will determine the trend on the bourses in the shortened trading week ahead. Due to Independence Day, stock markets will be closed on Monday, August 15, 2022. Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) would be monitored in their investments.

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On Tuesday, investors will respond to the quarterly results of the Life Insurance Corporation, ONGC, and Hero MotoCorp, as well as June industrial output and July CPI inflation data.

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On Tuesday, India’s WPI inflation figure for July will be released, and economists expect it to fall from 15.18% in June 2022.

The following stocks will trade ex-dividend next week: Reliance Industries, Alembic Pharma, Container Corporation, Manappuram Finance, Apollo Hospitals Enterprise, IRCTC, Karnataka Bank, Info Edge, ONGC, Pfizer, Tanla Platforms, BPCL, Power Grid Corporation of India, and Sun Pharma, while REC will trade ex-bonus.

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Foreign exchange reserves for the week ending August 12 will be revealed on Friday, while July passenger vehicle sales will be released on Monday.

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The US Federal Open Market Committee (FOMC) minutes for the July policy meeting are due to be released on Wednesday. The FOMC raised the federal funds’ target rate by 75 basis points for the second time in July, as expected, to combat increasing inflation.

Retail Sales data for July 2022 will be released in the United States on August 17, 2022.

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China will release industrial production figures for July 2022 on August 15, 2022. On August 17, 2022, Japan will release the July Balance of Trade figures. On August 19, 2022, Japan will release the July inflation rate.