The direction of the equity markets in the next trading week will be determined by the trend in the global financial markets, the movement of rupee against the dollar, and the price of crude oil. Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) would be monitored in their investments.

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FIIs net acquired more than Rs 6,100 crore in equities over the previous week. On top of their net purchases of shares totalling Rs 22,000 crore in August, they have made net purchases of shares worth Rs 3,837 crore so far in September.

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The major data point to look for this week is the consumer price index (CPI) inflation figures for August, which will be released on Monday, particularly in view of the monetary policy meeting set for the end of the month. The August wholesale price index (WPI) inflation rate in India will be revealed on September 14, 2022.

India’s July industrial production statistics will be released on September 12, 2022. On the same day, India’s manufacturing production figures for July will be released.

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On September 13, 2022, the United States will release its August inflation figures. The August US Retail Sales numbers will be released on September 15, 2022. The data point will determine how the Federal Reserve reacts to future rate rises. 

The Labor Department will publish August consumer pricing data on Tuesday and the wholesale price report on Wednesday. The retail sales data for August will be released on Thursday.

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According to a recent hawkish statement by Fed Chair Jerome Powell, another 75 basis point rise in interest rates is possible at the upcoming policy meeting, and the Federal Reserve is anticipated to maintain policy tightening to keep inflation around its 2% target, analysts said. In the United States, inflation fell to 8.5% in July, down from a more than 40-year high of 9.1% the previous month.

China will also release August industrial production figures on September 16, 2022.

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Tamilnad Mercantile Bank will make its stock exchange debut on Thursday, with the issue price set at Rs 525 per share. On Monday, the company will complete the share allocation.

Harsha Engineers International, a maker of precision bearing cages, will undertake its initial public offering on September 14, with a price range of Rs 314-330 per share.