Core Insights - The Indian stock markets are expected to be influenced by quarterly earnings, macroeconomic data announcements, and global trends during a holiday-shortened week [1][2] Macroeconomic Data - Key macroeconomic indicators to be released include the final readings of the HSBC manufacturing PMI, as well as the HSBC services and composite PMI data, which will provide insights into domestic growth momentum [2][5] Corporate Earnings - Major companies set to announce their quarterly results include Bharti Airtel, Titan Company, Adani Enterprises, Adani Ports, InterGlobe Aviation, Mahindra & Mahindra, State Bank of India, Lupin, Bajaj Auto, and Hindalco [3] Foreign Investment Activity - Foreign investors have turned net buyers with a net infusion of ₹14,610 crore in October after three months of withdrawals, indicating a potential shift in market sentiment [4] Market Trends - The BSE benchmark dropped by 273.17 points or 0.32%, while the NSE Nifty decreased by 73.05 points or 0.28% last week, reflecting profit-booking by investors after a sustained rally [6][7] Global Influences - Developments related to trade deals and trends in major international markets will be closely monitored for directional cues, alongside the ongoing corporate earnings season which has shown mixed results [3][7]

Market Overview - The U.S. stock market closed slightly lower, with major indices declining for three consecutive trading days due to economic data increasing uncertainty about the Federal Reserve's future interest rate cuts [1][3] - The Dow Jones Industrial Average fell by 173.96 points to close at 45,947.32, a decrease of 0.38%; the S&P 500 dropped 33.25 points to 6,604.72, down 0.50%; and the Nasdaq Composite decreased by 113.16 points to 22,384.70, also down 0.50% [1] Sector Performance - Most sectors in the S&P 500 closed lower, with only the energy sector rising by 0.9% and the technology sector slightly up by 0.03% [2] - Large-cap tech stocks showed mixed performance, with Tesla down 4.38%, Meta down 1.54%, and Amazon, Microsoft, and Google all declining by up to 0.94%. In contrast, Nvidia rose by 0.41% and Apple increased by 1.81% [2] Company News - Intel shares surged by 8.9% following reports that the company is in discussions with TSMC regarding potential investment or collaboration [3] - Chinese concept stocks mostly rose, with the Nasdaq Golden Dragon China Index up by 0.42%. Notable gainers included Kingsoft Cloud up over 6%, NIO and Xpeng both up over 4%, and Baidu and Li Auto up over 1%. Alibaba, however, fell by 0.55% [3] Economic Data - The U.S. Labor Department reported a decrease of 14,000 in initial jobless claims for the week ending September 20, adjusted to 218,000, indicating some resilience in the labor market [3] - The Bureau of Economic Analysis revised the second-quarter GDP growth rate to an annualized 3.8%, the fastest in nearly two years, driven by strong consumer spending and business investment. The first quarter GDP had previously contracted [3] Federal Reserve Outlook - Statements from Federal Reserve officials have added uncertainty to the policy outlook, with Chicago Fed President Austan Goolsbee expressing concerns about rapid interest rate cuts amid ongoing inflation risks [3] - Market expectations for a potential rate cut in October have decreased, with the probability of a 25 basis point cut dropping from approximately 92% to 83.4% [3] Investor Sentiment - Investors are looking forward to upcoming quarterly earnings reports, especially given the high valuation levels in the stock market [4] - Cherry Lane Investments partner Rick Meckler noted that current valuations are historically high, but a positive factor is the government's apparent willingness to allow large tech companies to continue expanding [4] Bond and Commodity Markets - In the bond market, the yield on the 10-year U.S. Treasury rose by 3 basis points to 4.177%, while the 2-year Treasury yield increased by 6.5 basis points to 3.663% [4] - In commodities, international oil prices showed mixed results, with WTI crude oil futures down 0.02% to $64.98 per barrel and Brent crude oil futures up 0.18% to $68.58 per barrel [4] - COMEX gold futures rose by 0.08% to $3,771.1 per ounce [5]