{
  "id": 31314,
  "title": "Market outlook: RBI policy, Q1 earnings and global cues to steer markets this week",
  "url": "https://urgent.news/2026/08/02/market-outlook-rbi-policy-q1-earnings-and-global-cues-to-steer",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-02T05:32:01.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/market-outlook-rbi-policy-q1-earnings-and-global-cues-to-steer-markets-this-week/article71297191.ece"
  },
  "original_language": "en",
  "account": "This week, equity markets are anticipated to concentrate on the Reserve Bank of India's Monetary Policy Committee meeting, the ongoing Q1 FY27 earnings season, and global developments, with investors observing management commentary, macroeconomic data, and geopolitical events for market direction. Ajit Mishra, SVP of Research at Religare Broking Ltd., emphasized that the RBI MPC meeting from August 3 to August 5 will be the primary domestic catalyst. Additionally, investors will monitor Q1 FY27 earnings announcements from numerous large-cap and mid-cap companies. Management commentary on demand trends, margin outlook, and capital expenditure plans will also be a focal point. Macro factors, such as July Composite PMI and GST collection data, will indicate the strength of domestic economic activity. Internationally, the US-Iran conflict, crude oil supply stability through vital shipping lanes, and evolving US monetary policy expectations will sway market sentiment. Pravesh Gour, a Senior Technical Analyst at Swastika Investmart Ltd., highlighted that the RBI's interest rate decision, policy guidance, and inflation commentary on August 5 will be critical domestic events. He further noted that Bharti Airtel, ONGC, Power Grid, Trent, Hindalco, SBI, and Titan's quarterly results, along with their management commentary and forward guidance, will shape market sentiment. Investors will also track the southwest monsoon's progress, as rainfall patterns and sowing activities may impact inflation expectations and rural demand. Benchmark indices experienced a robust recovery last week, buoyed by eased geopolitical tensions, lower crude oil prices, increased foreign institutional investor participation, and promising Q1 FY27 corporate earnings. Brent crude prices fell sharply after a brief surge above US$100 per barrel, following a temporary cessation of hostilities between the US and Iran, fostering optimism for a diplomatic resolution. Global risk appetite improved as investors considered geopolitical events alongside monetary policy expectations following the Federal Reserve's decision to maintain its policy stance. Domestically, stock-specific activity remained robust during the Q1 FY27 earnings season, while renewed foreign institutional investor buying after a prolonged outflow phase and a 16% decline in India VIX further bolstered sentiment. The Nifty rose 2.59% to close at 24,383.60, while the Sensex climbed 2.68% to reach 78,094.64, marking the second consecutive monthly gain for both indices in July. Dr. Ravi Singh, Master Capital Services Ltd.'s Chief Research Officer, attributed the market's recovery to foreign institutional investors turning net buyers and investing around ₹5,950 crore in cash equities, while domestic institutional investors continued to be net buyers with inflows of approximately ₹5,388 crore. Singh cautioned that the sustainability of the market's recent gains hinges on maintaining lower crude oil prices and achieving concrete outcomes from de-escalation talks in the West Asia region.",
  "summary": "On the macroeconomic front, market participants will watch July Composite PMI and GST collection data for signals on the strength of domestic economic activity",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}