Global Cues to Set the Tone for Indian Markets
The week ahead is poised for significant action with a heavy line-up of corporate results, a jam-packed economic calendar, and a key IPO. The markets will closely watch for signals from the high-level meeting between US President Donald Trump and Chinese President Xi Jinping on Thursday.
Zooming out to global cues, the week is dominated by central bank activity, featuring three major interest rate decisions from the US Federal Reserve, the ECB, and the Bank of Japan.
Domestic Earnings Season Gathers Pace
The domestic earnings season gathers serious pace with major announcements expected from heavyweights across the Oil & Gas, Infrastructure, Financial Services, and FMCG sectors, including results from industry titans like L&T, ITC, and Maruti Suzuki.
On the macroeconomic front, domestic attention will be on the release of the crucial Consumer Price Index on Monday and Wholesale Price Index (WPI) data on Tuesday, followed by key industrial production figures and an RBI Monetary and Credit Information Review on Friday.
Key Economic Data Releases
The week brings a load of key economic data on the domestic front. The CPI or the Consumer Price Index is expected to be released on Monday.
Tuesday will see a flurry of domestic data, including the WPI figures for food, fuel, manufacturing, and inflation, alongside the release of Cumulative Industrial Production, Industrial Production, and Manufacturing Output data for September.
Towards the end of the week, Friday will bring figures on the Federal Fiscal Deficit, Bank Loan Growth, Deposit Growth, and a key RBI Monetary and Credit Information Review.
Global Cues to Watch
Zooming out to global cues, Monday begins with the US releasing data on Durable Goods Orders and New Home Sales. On Tuesday, Federal Reserve Chair Jerome Powell is set to speak, and his speeches are closely watched for hints regarding future monetary policy.
Wednesday is dominated by central bank activity, with the US FOMC Statement and Fed Interest Rate Decision expected, which dictates the direction of short-term interest rates and the US dollar. Also on Wednesday, the Bank of Japan Interest Rate Decision is set to be released. For economic data, the US is expecting its Core CPI data and Crude Oil Inventories.
Trump-Xi Jinping Meet to Watch
US President Donald Trump and Chinese President Xi Jinping will meet next Thursday on the sidelines of the Asia-Pacific Economic Cooperation summit, the White House had earlier announced.
On the same day, Europe’s ECB Interest Rate Decision and Press Conference are scheduled, which will provide monetary policy direction for the Eurozone. The UK’s GDP figures are also set to be released on the same day. The US follows up with its crucial GDP (QoQ) (Q3) data, alongside figures on Core Retail Sales and Initial Jobless Claims. Finally, China will release its Manufacturing PMI data late in the evening.
Orkla India IPO to Watch
The only initial public offer open this week is Orkla India Ltd.
This is a book build issue of Rs 1,667.54 crores. The issue is entirely an offer for sale of 2.28 crore shares of Rs 1,667.54 crore. The IPO opens for subscription on Oct. 29 and closes on Oct. 31, according to Chittograh.
The allotment for the Orkla India IPO is expected to be finalised on Nov. 3, 2025. Orkla India IPO will list on BSE, NSE with a tentative listing date fixed as Nov. 6, 2025.
Orkla India IPO price band is set at Rs 695 to Rs 730 per share. The lot size for an application is 20. ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
