Investors will continue to monitor developments on the international trade front going forward after US President Donald Trum announced imposition of sweeping tariffs on 69 countries.
A slew of data points are scheduled for release next week. As corporate earnings announcements continue, the major focus would on the RBI, as the country's banking regulator unveils its latest monetary policy.
ABB India, Federal Bank, DLF, Bosch, Shree Cements, Marico, Aditya Birla Capital, Bharti Airtel, Adani Ports and Special Economic Zone, Britannia Industries, Bajaj Auto, Trent, Pidilite Industries, PFC, Hero MotoCorp, Bharat Heavy Electricals, Life Insurance Corporation of India, Titan Company, HPCL, State Bank of India, Tata Motors and Grasim Industries would be the key corporate earnings to watch out for in the coming week.
India:
On Tuesday, the Services PMI and the Composite PMI values would be unveiled.
The HSBC India Services PMI declined to 59.8 in July 2025 from 60.4 in the previous month. The latest figure indicates a slight slowdown from June’s ten-month high, as output growth eased compared to the prior month.
The HSBC India Composite PMI fell to 60.7 in July 2025 from a final 61.0 in June, which was a 14-month high, flash data showed. Despite the slight dip, the latest result remained well above its long-run average of 54.8. Services activity rose at a slightly slower pace, though still robust by historical standards, while manufacturing output grew the most since April 2024.
On Wednesday (August 06), the Reserve Bank of India (RBI) will announce its latest monetary policy. The RBI had unexpectedly lowered its key repo rate by 50 bps to 5.50% at its May meeting—larger than market expectations of a 25 bps reduction—while shifting its policy stance from accommodative to neutral. The move brought total rate cuts to 100 bps since February, pushing borrowing costs to their lowest level since August 2022.
China:
On Tuesday (August 05), the Caixin Services PMI for the month of July would be announced. The Caixin China General Services PMI declined to 50.6 in June 2025, down from May’s 51.1. The reading marked the weakest expansion in the services sector since September 2024, as growth in new orders slowed and foreign sales saw their sharpest decline since December 2022, amid subdued global conditions.
On Thursday (August 07), the balance of trade for July 2025 would be announced. China’s trade surplus widened to $114.77 billion in June 2025, up from $98.94 billion a year earlier, as exports continued to outpace imports.
United States of America:
On Monday (August 04), the data for factory orders for the month of June would be made public. New orders for US manufactured goods surged by 8.2% from the previous month to $642 billion in May of 2025, aligned with market expectations, and more than offsetting the revised 3.9% decline from the previous month. It was the sharpest jump in orders since 2014.
On Tuesday (August 05), the ISM Services PMI figure for July 2025 would be made public. The ISM Services PMI rose to 50.8 in June 2025 from 49.9 in May, slightly above forecasts of 50.5. The reading showed economic activity in the services sector increased in June after just one month of contraction, although slow growth and economic uncertainty were frequently referenced by firms.
On Wednesday (August 06), the API Crude Oil Stock Change for the week ended on 01 August 2025 would be unveiled. US crude oil inventories surged by 1.539 million barrels in the week ending 25 July 2025, sharply reversing the previous week’s 577,000-barrel draw.