The Dalal Street will look at multiple developments unfolding that will decide the future course of the investors. In a week, Sensex declined 194.52 points, or 0.25 per cent, and the Nifty dipped 63.95 points, or 0.26 per cent.

The upcoming week will take cues from the US-Iran geopolitical conflict, June quarter earnings season, inflation data, crude oil prices, monsoon progress and foreign investor activity.

Quarter Earnings:

The Q1 FY27 earnings season is also set to gather pace, with management commentary expected to influence sectoral trends and earnings expectations.

Foreign investors behaviour:

Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited said, “The shift in the stance of FPIs towards India, which turned positive beginning early July, is continuing. The total FPI investment through the secondary market up to and including 10th July stands at Rs 5155 crores. Additionally there has been an investment through the ‘primary market and others’ category to the tune of Rs 10001 crores taking the total investment during this period to Rs 15156 crores. This is a positive development.

IPOs:

Next week, two mainboard IPOs namely Alpine Texworld and SBI Funds Management IPO will collectively raise around Rs 9,900 crore.

Further, three new IPOs in the small and medium enterprise (SME) segment are set to open for subscription next week.

Inflation Data:

India's Consumer Price Index (CPI) inflation data is scheduled to be released on Monday while the Wholesale Price Index (WPI) on Tuesday. These data will give a broader picture on Indian economy and drive the markets.

Global developments:

US and Iran war situation will be closely monitored by the markets. Their impact on crude oil prices will be key driver.

Further, in the US, CPI inflation data on Tuesday and PPI (Producer Price Inflation) data on Wednesday.