2 hrs ago
Earnings, Inflation and Global Trends to Drive Markets This Week
Stock markets may move up or down this week for several reasons.
Investors will watch company earnings, including results from Wipro and HCLTech.
They will also pay attention to inflation numbers and changes in the world economy.
Crude oil prices, the rupee and US government bond yields could matter too.
Foreign investors’ buying and selling, as well as geopolitical events, are other factors to watch.
Last Friday, technology shares helped the market recover.
Tata Consultancy Services shares rose more than 4% after its results beat expectations.
The Sensex and Nifty both finished last week higher.
Quarterly results from Wipro, HCLTech and other companies are due this week.
Inflation figures, global trends and crude oil prices are among the expected market drivers.
Investors will also watch foreign trading activity, the rupee, US Treasury yields and geopolitical developments.
IT stocks helped drive Friday’s market recovery, with Tata Consultancy Services rising more than 4% after better-than-expected September-quarter results.
Last week, the Sensex gained 0.78% and the Nifty rose 0.43%, ending an eight-month losing streak.
- Who
- Investors and companies reporting results, including Wipro and HCLTech.
- What
- A range of earnings and economic factors are expected to influence stock market movements.
- Where
- Indian stock markets.
- When
- This week; the article does not specify dates.
- Why
- Investors are assessing company results, inflation, global trends, crude oil prices, trading activity, currency movements, US Treasury yields and geopolitical developments.
Key facts
- Companies reporting this week
- Wipro, HCLTech, BHEL, Canara Bank, HDB Financial Services, HDFC Asset Management Company and Nestlé
- Tata Consultancy Services share move
- Shares rose more than 4% on Friday after better-than-expected September-quarter results.
- Sensex last week
- Gained 562.63 points, or 0.78%.
- Nifty last week
- Gained 98.5 points, or 0.43%.
- Market streak
- The weekly gains ended an eight-month losing streak.
- Other factors to watch
- Inflation, global trends, crude oil prices, foreign investor activity, the rupee, US Treasury yields and geopolitical developments.
Sources
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