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Here’s how the markets fared in the week gone by:
Indian benchmark indices started off the week strongly but erased all the gains made early in the week and some more in the last three trading sessions of the week as markets around the world saw a strong sell-off.
Sensex ended the week down by around 1.6%, while Nifty was down by 1.7% for the week, snapping a two-week winning streak.
Here’s how the major sectors fared in the week ended 16th September:
Coming to global markets, things look much bearish, especially in the US, the benchmark US indices dropped between 4.1% to 5.5%. A look at how the major global indices fared in the week gone by;
Things to watch out for in the coming week;
Key macroeconomic events to watch for;
In the coming week, all eyes will be on the outcome of the US Fed’s monetary policy meeting. Along with this, the Bank of Japan and Bank of England too are set to announce their interest rate decision, on Thursday.
Here are some of the major macroeconomic events for the week.
19th September | 20th September | 21st September | 22nd September | 23rd September | |||||
---|---|---|---|---|---|---|---|---|---|
Japan | CPI Inflation (AUG) | US | Fed Interest Rate Decision | Japan | BOJ Interest Rate Decision | Eurozone | Services PMI (SEP) | ||
Home Sales | UK | BOE Interest Rate Decision | Manufacturing PMI (SEP) | ||||||
Crude Oil Inventories | US | Jobless Claims | Markit Composite PMI (SEP) | ||||||
UK | Services PMI (SEP) | ||||||||
Manufacturing PMI (SEP) | |||||||||
Composite PMI (SEP) | |||||||||
US | Services PMI (SEP) | ||||||||
Manufacturing PMI (SEP) | |||||||||
Markit Composite PMI (SEP) |
What are you looking forward to in the week? Share below and join the discussion
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Good morning folks,
seems like a data heavy week this time around. I’m assuming most of the news related to quantum of rate hike is already factored in what needs to be seen is the policy direction. Last week’s nifty close , although seems not so good but relatively speaking we are doing much better than the global peers. 17400-350 is a good support zone and I guess till 22nd, we will be on a wait n watch mode.