Next week, Indian stock market investors will track the US Federal Reserve's policy decision, a busy September-quarter earnings calendar, crude oil price moves, and Jio Platforms' stock market debut on October 28. The Fed is widely expected to keep rates unchanged, but investors will scrutinise its commentary on the rate outlook, which could affect capital flows, bond yields and risk appetite in emerging markets such as India. Crude prices remain a key driver amid geopolitical tensions in West Asia, as sustained high energy prices could raise inflation pressures and India's import costs. Analysts say earnings, macro data, global policy signals and energy prices will shape the near-term direction. For the Nifty, the 22,200–22,400 zone is seen as crucial: a decisive breakdown could expose the index to 21,700, while a sustained move above 22,900 could open the way towards 23,300.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on morungexpress.com ↗
Keywords
Fedinterest ratesoil pricesIPOIndia
Open a keyword to see other news on the same topic.
Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- FPIs Pull Out ₹48,056 Crore From Indian Equities In October, High Crude Prices And Middle East Tensions Trigger Selling
Foreign portfolio investors have pulled Rs 48,056 crore from Indian equities so far in October, after withdrawing Rs 35,861 crore in September, according to CDSL data. Cumulative 2026 outflows have reached Rs 3.08 lakh crore, well above Rs 1.66 lakh crore in 2025. Analysts cite crude oil near USD 114 per barrel, Middle East tensions, inflation, weak earnings and domestic liquidity concerns, with the Rs 30,213-crore Jio Platforms IPO also absorbing liquidity. Selling eased in the week ended October 23, when foreign investors were net buyers on two days, as the US 10-year yield fell from 5.36% to around 5% and the rupee strengthened; steady domestic institutional and SIP flows also cushioned the impact. Markets are now watching Fed and BoJ decisions, US GDP data and Brent crude prices.
- Rupee falls to 94.81 against dollar, crude oil prices and FII outflows weigh
The Indian rupee closed down 43 paise at 94.81 against the US dollar on Thursday, weighed down by surging crude oil prices and a negative trend in domestic equities. Brent crude rose 3.23% to $112.33 per barrel, while the Sensex fell 460.30 points to 73,249.39 and the Nifty dropped 123.70 points to 22,687.65. Foreign Institutional Investors offloaded Rs 3,458.70 crore of equities on a net basis. Attacks by Yemeni Houthis on Saudi Arabia’s energy infrastructure further hurt global sentiment, though a softer dollar index and lower US Treasury yields cushioned the decline. The retail portion of Jio Platforms’ IPO was fully subscribed within two hours of the second day of bidding, and the overall issue was subscribed 3.47 times by 11:00 am.
- Rupee Drops 44 Paise to 94 . 82 Against US Dollar Amid Surging Crude Prices
The rupee fell 44 paise to close at 94.82 per US dollar on Thursday (provisional), weighed by weak domestic equities and surging crude oil after Yemeni Houthi attacks on Saudi Arabia's energy infrastructure. Brent crude rose 3.23% to $112.33 per barrel in futures trade, while the Sensex dropped 460.30 points to 73,249.39 and the Nifty fell 123.70 points to 22,687.65. Foreign Institutional Investors bought a net Rs 1,022.32 crore on Wednesday. The Jio Platforms IPO was fully subscribed in its retail portion within two hours of the second bidding day and reached 3.47 times overall by 11:00 am. Analysts said near-term dollar liquidity has improved after the Jio IPO, but the rupee's stability remains vulnerable to renewed foreign portfolio outflows or a spike in crude toward USD 120.
- Lumpy Jio IPO inflows push rupee into overbought zone just as oil renews rise
The Indian rupee edged up to 94.35 per dollar on Thursday from 94.46, entering an 'overbought' zone on technical measures, as strong foreign inflows for the $3.2 billion Jio Platforms IPO offset higher oil prices. Brent rose nearly 2% to $110.6 per barrel on Middle East hostilities concerns after the US ordered some diplomats to leave Saudi Arabia. The pair's 14-day RSI climbed to nearly 74, from about 27 on 9 October. Markets expect the Reserve Bank of India to hike rates further after its first increase in nearly four years earlier this month; October policy minutes signalled more tightening but caution over growth risks. Goldman Sachs said the minutes were more hawkish than the Governor's statement and expects a 25bp hike in December 2026, followed by 50bp more in 1H CY27.
- Nifty 50 Slips Below 22,750 as Midcap and Smallcap Selloff Deepens, Investors Lose Ground for Second Session
The Nifty 50 closed down 150.50 points (0.66%) at 22,738.45, after a strong open gave way to steady selling, while the Sensex fell 0.46%. Losses were heavier in smaller stocks, with the Nifty MidCap 100 down 1.82% and the SmallCap 100 down 2.48%, and private banks weighed on the market. IT stocks led gains, with the Nifty IT index hitting an eight-month high of 32,348 on Infosys and Tata Consultancy Services. Eternal fell about 4.5% ahead of its results, and eMudhra hit its 20% lower circuit. Jio Platforms' IPO opened Wednesday and was subscribed 2.22 times by mid-afternoon, with institutional demand at 6.72 times, while crude near $98 a barrel and hotter-than-expected U.S. inflation kept investors cautious.
- Dalal Street Week Ahead: Jio IPO, Q2 earnings, China GDP, oil prices, PMI flash numbers among 10 key factors to watch
Related markets
Latest news
- More than 1,000 employees leave a Vietnamese bank, accounting for nearly 30% of total headcount
According to Kienlongbank's consolidated Q3 2026 financial statements, the bank and its subsidiary had 2,596 employees as of September 30, down 1,078 (29.3%) from the end of Q2, mainly due to a 786-person drop at the parent bank. Average monthly income per employee rose to about 25 million VND from 23 million a year earlier, as headcount fell faster than the payroll fund. Total assets reached 115,968 billion VND and customer deposits 81,827 billion VND, up 12.3% and 13.6% from the start of the year, while loans grew only 1.1% in Q3 alone. Non-performing loans rose 16.7% to 1,557 billion VND, lifting the NPL ratio to 1.98%. Nine-month pre-tax profit reached 1,713 billion VND, up 11.5% year on year, though Q3 profit fell 12.7% from a year earlier.
- Elon Musk confirms $40 billion SpaceX debt deal for AI chips, warns of neocloud shakeout
SpaceX has raised $40 billion in callable debt, which can be repaid early, to buy GPUs used to run AI systems. Musk said the company could borrow because of its strong credit rating and steady revenue from Starlink and rocket launches, while debt markets have almost entirely closed to companies without substantial revenue independent of AI data centers. He predicted that more than 200 “neoclouds” will consolidate into a few survivors. The article notes that Nasdaq futures were near 29,080, down sharply from above 30,000 earlier this month, as investors grow worried about returns on heavy AI spending.
- What President Trump wants to do with both Ukraine and Russia
President Trump said the US will do business with both Ukraine and Russia after the conflict ends, despite criticism of efforts to restore trade ties with Moscow. He argued Washington should have secured greater financial returns from the billions of dollars in aid to Kyiv under Joe Biden. The announcement came as the first Russian diesel tanker, which left the Primorsk port, was en route to New York under a supply deal announced on October 9, covering 40,000 tonnes of fuel. Moscow then eased restrictions on diesel exports, allowing production of 500,000 tonnes, which would be the first time since 2022 that Russian diesel has been shipped to the US. Trump said the deal aims to ease fuel costs before the November midterm elections, but a plan to import about 900,000 tonnes of Russian diesel has drawn criticism from European allies, Ukraine and members of Congress, who say the cargoes could evade sanctions.
- Signs French protests have not peaked; second wave about to begin?
France’s Interior Ministry said 410,000 people joined marches on 24/10, and 70,000 police were deployed to prevent a repeat of the looting seen in riots that spread across several cities on 17/10. Union leaders have called for protests on 31/10 and a nationwide strike on 5/11, citing growing anger over wages, living costs and public services, and the Yellow Vest movement has called for large marches on the same Saturday. The government has opened talks with unions and student representatives, but protest leaders say they have received no response so far. Police unions warn they cannot sustain such high deployment, and 1,314 people were arrested on 24/10, about half the previous week’s number, with around 50 officers injured. Macron, whose term ends in April next year, has limited room to meet demands due to strained public finances and no longer holds a majority for key bills.
- Stocktwits Pharma Pulse: Big Pharma Earnings, Cancer Updates And 2 FDA Deadlines — The Week’s Biotech Watchlist
Biotech and healthcare stocks outperformed the broader market in the week ended Oct. 23, with XBI up 3.6%, IBB up 2.9% and XLV up 1.5%, while SPY fell 0.4%. Oruka Therapeutics (ORKA) is set to report 16-week results from its Phase 2b Everlast-B trial of Orka-001 in plaque psoriasis on Monday, and Summit Therapeutics (SMMT) reported Harmoni-GI1 data showing ivonescimab plus chemotherapy cut the risk of death by 25% versus durvalumab plus chemotherapy in advanced biliary tract cancer. The week’s calendar also includes earnings from Novartis, Eli Lilly, Merck, GSK and others, plus FDA target dates, including Inovio’s INO-3107 on Friday. ESMO Congress continues through Tuesday in Madrid, with updates from Incyte and Iovance.
- Keystone says website breach exposed hardware wallet buyers’ addresses
Hardware wallet maker Keystone said an unauthorized third party accessed customer shipping information through a website breach, including names, contact details, shipping addresses and order details, after it confirmed the incident on Friday following a review of API activity with Shopify. The company said it has blocked access, fixed the vulnerability, opened an investigation and is emailing affected customers, but did not disclose how many were impacted. Security researcher Taylor Monahan warned the leaked addresses could expose holders to physical attacks and kidnappings, and blockchain security firm CertiK recorded 52 verified wrench attacks worldwide in the first half of 2026, up 33% from the same period last year. Some customers said they received breach notices despite buying devices more than two years ago, raising questions about Keystone’s 2023 pledge to cut data retention to 180 days. Keystone had not responded to Cointelegraph’s questions by publication time.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.