New Delhi: After a superb performance of Indian stock market last week, the investors are hoping for a similar rally this week. As stakeholders are keeping their fingers crossed ahead of the opening of BSE Sensex and NSE on Monday, analysts are of the view that the buying and selling trading in the equity market will largely depend on any announcements by the US on tariffs, domestic corporate quarterly earnings, and foreign fund movements.
The world market trends, price of oil benchmark Brent crude and the rupee-dollar trend will also affect the market movement, experts said.
“This week, all eyes will be on the earnings reports of companies like HCL Technologies, Axis Bank, Hindustan Unilever, and Maruti. Globally, any updates related to tariffs and their potential impact on world markets will remain in focus,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
“This week, we expect gradual up-move to continue in the Indian market, driven by supporting factors like FII buying interest, cool-off in domestic inflation and IMD’s forecast of an above-normal monsoon. Meanwhile, any escalation on the US tariff front could induce volatility; while stock/sector specific action would carry on amidst the release of Q4 and annual results for FY25,” Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.
Stocks of Infosys, HDFC Bank and ICICI bank will be in focus on Monday after these companies declared their Q4 Results of 2024-25. India’s second-largest IT company reported an 11.7 per cent decline in consolidated net profit to Rs 7,033 crore for the January-March quarter.
In its last quarterly results of 2024-25, HDFC Bank registered a 7 per cent growth in its consolidated net profit to Rs 18,835 crore. ICICI Bank reported recorded a 15.7 per cent jump in March quarter consolidated net profit at Rs 13,502 crore.
Last week, Sensex rallied 3,395.94 points and the NSE Nifty surged 1,023.1 points. Foreign Institutional Investors (FIIs) purchased stocks worth Rs 14,670 crore in the cash market during the last three trading days.
“This reversal in FII activity has been caused by two important factors. The decline in the dollar index to around 100 level and the expectation of further weakness in the dollar are nudging FIIs away from the US to emerging markets like India.
“This relative outperformance of India in growth can lead to outperformance in the market, too. Therefore, the FII buying trend can sustain even in this uncertain environment,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.
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The analysts stated that the Quarterly earnings, tariff update, and FII trading will be the key drivers for stock market movement this week. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
