New Delhi, Stock markets will be guided by global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings of IT majors TCS and HCL Technologies will guide the investor sentiment, analysts said.
Markets could consolidate after last week's record rally, experts added.
"On the domestic front, the Q1 earnings season begins this week. Key companies like TCS and HCL Technologies will release their results on July 11 and 12, 2024, respectively. Also, India's Union Budget in July It is a key event, with hopes "It is based on growth-oriented policies and development of the monsoon season, which will also be important points of interest for investors and traders," said Pravesh Gour, senior technical analyst at Swastika Investmart Ltd.
US Federal Reserve Chairman Jerome Powell's testimony is scheduled for July 9, 2024, he added.
"In addition, the activities of domestic and foreign institutional investors (FIIs and DIIs), along with crude oil prices, will be followed to gauge the overall market sentiment," Gour said.
The BSE benchmark Sensex hit its all-time high of 80,392.64 on July 4, while the Nifty hit its all-time high of 24,401 on the same day.
"Market outlook will be guided by key domestic and global economic data such as India CPI, industrial production, Federal Reserve speech, UK GDP data, US core CPI inflation. and initial unemployment claims," Arvinder Singh Nanda, senior vice president at Master Capital Services Ltd, said.
Last week, the BSE benchmark index jumped 963.87 points or 1.21 per cent, and Nifty gained 313.25 points or 1.30 per cent.
"As the market enters earnings season, starting with IT leader TCS, expectations are optimistic for better results. Investors will closely monitor management commentary for insights into the sector's prospects" said Vinod Nair, head of research at Geojit Financial Services.
"This week, we expect specific stock and sector moves as the market begins to take cues from Q1 FY25 earnings. On the macro front, investors will be keeping an eye on inflation data to be released by India, United States and China," he said. Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services Ltd.
Looking ahead, the direction of the markets will be largely influenced by the upcoming earnings reports, said Ajit Mishra, senior vice president of research at Religare Broking Ltd.
Markets could consolidate after last week's record rally, experts added.
"On the domestic front, the Q1 earnings season begins this week. Key companies like TCS and HCL Technologies will release their results on July 11 and 12, 2024, respectively. Also, India's Union Budget in July It is a key event, with hopes "It is based on growth-oriented policies and development of the monsoon season, which will also be important points of interest for investors and traders," said Pravesh Gour, senior technical analyst at Swastika Investmart Ltd.
US Federal Reserve Chairman Jerome Powell's testimony is scheduled for July 9, 2024, he added.
"In addition, the activities of domestic and foreign institutional investors (FIIs and DIIs), along with crude oil prices, will be followed to gauge the overall market sentiment," Gour said.
The BSE benchmark Sensex hit its all-time high of 80,392.64 on July 4, while the Nifty hit its all-time high of 24,401 on the same day.
"Market outlook will be guided by key domestic and global economic data such as India CPI, industrial production, Federal Reserve speech, UK GDP data, US core CPI inflation. and initial unemployment claims," Arvinder Singh Nanda, senior vice president at Master Capital Services Ltd, said.
Last week, the BSE benchmark index jumped 963.87 points or 1.21 per cent, and Nifty gained 313.25 points or 1.30 per cent.
"As the market enters earnings season, starting with IT leader TCS, expectations are optimistic for better results. Investors will closely monitor management commentary for insights into the sector's prospects" said Vinod Nair, head of research at Geojit Financial Services.
"This week, we expect specific stock and sector moves as the market begins to take cues from Q1 FY25 earnings. On the macro front, investors will be keeping an eye on inflation data to be released by India, United States and China," he said. Siddhartha Khemka, Head of Retail Research, Motilal Oswal Financial Services Ltd.
Looking ahead, the direction of the markets will be largely influenced by the upcoming earnings reports, said Ajit Mishra, senior vice president of research at Religare Broking Ltd.
