RBI Policy, Auto sales, Q2 updates, 15 IPOs close

Hello friends, here we are sharing a piece of big news with you in this article we will talk about the key triggers for stock markets in the coming week. Reportedly, stepping into the new month, investors will watch a host of investors in the first week of October- filled with many key events that will guide market direction. Since the news came on the internet many people have very stunned. Now this news gaining huge attention from the people as they are super curious to know about the complete information about the news. In this article, we will try to cover all the important information about the news.

Photographer: Adeel Halim/Bloomberg
Photographer: Adeel Halim/Bloomberg

Market direction including the forthcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI), second quarter (July- September) effects of the current fiscal (Q2FY24), domestic and international macroeconomic indicators, crude oil prices, auto sales figures, foreign fund influx and multinational cues. Domestic equity measures posted their best day in almost three weeks on Friday, led by gains in banks and metal stocks, aided by a rescue in US and European markets following a sell-off. Scroll down to the next page for more information about the news.

As per the report, Nifty 50 completed the day at 19,638.30, up 115 points, or 0.59% while the Sensex locked at 65,828.41, up 320 points, or 0.49%. On the weekly front, the BSE benchmark fell 180.74 points or 0.27 % and the Nifty dropped 35.95 points or 0.18%. The indices fell for the second week in a row. Nifty Realty and Pharma increased the most whereas IT and  Media declined the most this week. The IT index has failed by about 5%  in the last two weeks.

Also Read:  Warburg Pincus Acquires Stake In Everise

Here are the key triggers for stock markets in the coming week:

RBI MPC Meeting: Amid anticipations that the major bank will keep the standard interest speeds unchanged, the rate-setting economic policy panel with begin deliberations in the coming week. Headed by RBI Governor Shaktikanta Das, the six-member MPC will meet for three days – from. 4 to 6 October and the decision will be declared on Friday, 6 October 2023 at 10 am by the RBI Governor. The RBI kept the repo rate unchanged at 6.5 % since February 2023.

Q2 Updates, Auto Sales

Investors are going to be busy analyzing corporate earning estimates, and updates declared by many companies in the coming week because the first batch of Q2FY24 results has been set to be released on 11 October 2023 starting with tech major Tata Consultancy Services (TCS).

15 IPOs close, 7 new listings to hit D-Street

Valiant Laboratories IPO nears on 3 October 2023 and Plaza Wires IPO closes on 4 October. Apart from the mainboard IPO, as many as 13 SME IPOs have been closing in the forthcoming week ending October 6. Among listing shares of Vaibhav Jewellers and JSW fracture from the mainboard part will debut on BSE and NSE on October 3. Here we have shared all the information which we had. Stay tuned to us for more updates.