Domestic equities head into the coming week with a slew of key domestic and global economic indicators set to drive market sentiment. Investors will closely monitor India’s industrial output data, the Reserve Bank of India’s (RBI) policy decision, and fresh PMI readings, along with global inflation figures and central bank cues. However, the market may remain volatile amid foreign fund flows and global uncertainty.
Domestic cues:
Industrial production data will release on Monday, 29 September 2025. The industrial production expanded by 3.5% in July of 2025, picking up sharply from the 1.5% increase in the previous month.
Reserve Bank of India (RBI) will announce its interest rate decision on 1 October 2025. The Central Bank had kept the repo rate steady at 5.50% during its August meeting, keeping a neutral stance, following a larger-than-expected 50 bps in June, as widely expected.
Meanwhile, HSBC manufacturing PMI data for September will also release on 1 October 2025. The HSBC India Manufacturing PMI fell to 58.5 in September 2025, compared with 59.3 in August preliminary data showed
Equity markets will remain shut on 2 October 2025 for Mahatma Gandhi Jayanti and Dussehra.
Global cues
Spain's inflation data due on Monday, 29 September 2025. Spain's annual inflation stood at a five-month high of 2.7% in August 2025, unchanged from July.
Australia’s Central Bank will announce its interest rate decision on Tuesday, 30 September 2025. The Reserve Bank of Australia slashed its cash rate by 25bps to 3.6% at its August meeting, from 3.85% in July meeting.
China’s RatingDog manufacturing PMI data will release on Tuesday, 30 September 2025. The RatingDog China General Manufacturing PMI rose to 50.5 in August 2025, above July’s level of 49.5.
On Tuesday, 30 September 2025, France, Italy and Germany will publish their inflation numbers.
The annual inflation rate in France slowed to 0.9% in August 2025 from 1% in July.
The annual consumer price inflation in Italy eased to 1.6% in August 2025 from 1.7% in the prior month, marking the lowest since May.
Germany’s annual consumer price inflation rose to a five-month high of 2.2% in August 2025 from 2% in July.
On Wednesday, 1 October 2025, Euro Area consumer price inflation numbers and US ISM Manufacturing PMI data will be released.
Euro area consumer price inflation stood at 2.0% in August 2025, slightly below a preliminary estimate of 2.1%.
ISM US Manufacturing PMI increased to 48.7 in August 2025 from 48.0 in July.
South Korea’s September inflation numbers is due on Thursday, 2 October 2025. South Korea’s consumer prices increased 1.7% year-on-year in August 2025, slowing from July’s 2.1% rise.
Lastly, US unemployment rate data for September will release on Friday, 3 October 2025. The US unemployment rate rose to 4.3% in August of 2025 from 4.2% in the previous month.