What are the major stock market triggers for the coming trading starting on Monday 02 August 2021?

Here are the major factors and cues you need to look at in the coming week starting Monday.

· Nifty touched 15,500 intraday during the week but closed above 15,700 establishing that as support base but Alpha was still seen only in mid-caps and small caps, which is where focus should be. Sector-wise, IT and metals outperformed and that is likely to continue.

· Among data announces, auto numbers will be watched for signals of pick-up in sales as input costs spikes are posing a challenge. The week will also reaction to some of the results that disappointed like Bandhan Bank and Britannia post-trading on Friday.

· Major quarterly earnings announcements by companies will include big names like HDFC, PNB, BOB, HPCL, Adani Group, Escorts, IPCA, Berger Paints etc.

· The week to see 4 major IPOs open from 04 August to 06 August; Devyani International, Windlas Biotech, Exxaro Tiles and Krsnaa Diagnostics. In addition, Glenmark Life will also list on Friday. It was subscribed 44X and shows strong opening in GMP.

· Monetary policy of RBI to be largely uneventful on 06 Aug with no changes in stance of policy or rates. Meanwhile, despite vaccinations crossing 47 crore, the Coronavirus cases in India went up sharply risking a delay in opening up.

· Global investor pressure visible as FPIs sold 10,825 crore in the week and Rs.23,139 crore in July overall, as dollar strengthened. Call and put writing is hinting at a range-bound Nifty within 15,700 to 15,900 range for the coming week.

· Major US markets data flows include US Markit, ISM, Construction Spending, Vehicle Sales, Factory Orders, Jobless Claims and Non-Farm Payrolls. Among non-US data points, the focus to remain on EU PMI, Retail Sales, Construction; Japan PMI, Household Spending and the China Manufacturing & Composite PMI.