New Delhi: The first business week of September will start from 2 September 2024 (Monday). The month of September is going to be very important for the market. The decisions of the Fed meeting will affect the Indian stock market.

In such a situation, regarding the movement of the stock market in the first week, analysts say that global trends, macroeconomic data announcements and trading activities of foreign investors will affect the market to some extent. The focus of stock market investors will remain on these market factors.

The last week of August saw a bullish trade in the market. In such a situation, in the coming week, investors will keep an eye on the trade in global oil benchmark Brent crude and the movement of rupee against the US dollar.

Fed meeting is very important

The Federal Open Market Committee (FOMC) is scheduled to meet in mid-September. An important decision will be taken regarding interest rates in this meeting. However, there are indications that the Fed may cut interest rates this time. Before the decisions of the Fed meeting, investors will keep an eye on the US economic data.

Apart from this, key indicators like manufacturing PMI, non-agricultural payroll and unemployment rate will also affect the stock market movement. Inflow of foreign investors will also play an important role in the market movement.

Investors will also keep an eye on the auto sector. In fact, auto shares will also remain in focus due to the sales figures released by the auto companies.

We expect the market to continue to rally with stock-specific action. Global macro data released during the week will also impact the stock market.

Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services

How was the market on Friday?

On August 30, 2024, both the stock market exchanges closed with gains. The Sensex closed at 82,365.77 points, up 231.16 points or 0.28 per cent. The Nifty also closed at 25,235.90 points, up 83.95 points or 0.33 per cent. Last week, the BSE jumped 1,279.56 points or 1.57 per cent and the Nifty rose 412.75 points or 1.66 per cent.