The major event, investors will be keeping an eye on will be the Reserve Bank of India’s (RBI) rate-setting Monetary Policy Committee (MPC) meeting this week. Due to administrative issues, the MPC meeting has been rescheduled. According to the RBI, the MPC will now meet on August 3-5, rather than the originally scheduled August 2-4.

Also Read| To fight inflation, Asian economies must raise rates rapidly: IMF

While a 25 basis point increase is ruled out, market sentiment appears to be split between a 35 basis point increase and a 50 basis point increase. The trading week ahead will be dominated by earnings reports.

Also Read| Where to invest during high inflation?

In the short term, the trend in global stock markets, the movement of the rupee against the dollar, and crude oil prices will drive the trend on the bourses. Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) would be monitored in their investments.

Also Read| How post-pandemic markets have behaved historically

ITC and UPL will release their quarterly results on August 1, 2022. On August 2, 2022, Adani Green Energy, Bosch, and Voltas will release their quarterly results. On August 3, 2022, Adani Power, Adani Transmission, Interglobe Aviation, and Lupin will release their quarterly results.

Also Read| How Paul Volcker tamed inflation with two recessions in 1980s

On August 4, 2022, Adani Enterprises, Britannia Industries, GAIL (India), and Hindustan Petroleum Corporation will release their quarterly results. On August 5, 2022, Mahindra & Mahindra, Pfizer, and Titan Company will release their quarterly results.

Also Read| The 2008 market crash: Inside the doomsday machine and a brief history

Auto companies will begin reporting monthly sales statistics for July beginning on August 1, 2022, putting a spotlight on auto stocks. The S&P Global Composite PMI data for July will be released on August 1, 2022. The July S&P Global Services PMI will be released on August 3, 2022.

Also Read| Harshad Mehta scam: How Big Bull shook the Indian stock market

China will release the NBS Manufacturing PMI for June 2022 on June 30, 2022. On August 1, 2022, China will release the Caixin Manufacturing PMI for July. The July ISM Manufacturing PMI statistics for the United States will be released on August 1, 2022. The July ISM Non-Manufacturing PMI statistics for the United States will be released on August 3, 2022. The July US Nonfarm Payrolls statistics will be released on August 5, 2022.