Archive · 12 Oct 2026
Nifty Eyes Positive Start as Earnings Season Gathers Pace
Indian stocks were expected to start the week higher.
The Nifty had fallen for eight weeks in a row before ending the latest week with a small gain.
Investors were watching banks after decisions by India's central bank.
They were also watching technology companies because several were scheduled to announce their results.
Oil prices had risen above $105 a barrel.
Analysts said 22,400 was an important level for the Nifty to hold.
They also identified 22,600 to 22,700 as a zone where the index could face selling.
The direction of bank stocks could influence the broader market.
Nifty futures indicated a positive start to a key trading week.
The Nifty ended eight consecutive weeks of losses with a green weekly candle after Friday's recovery.
Brent crude was trading above $105 a barrel, while bond yields were reported unchanged from the previous week.
Banks are in focus after RBI decisions on cash reserve ratio management and measures to safeguard the currency.
HCLTech, Wipro and Tech Mahindra were due to report results; analysts flagged Nifty levels at 22,400 support and 22,600–22,700 resistance.
- Who
- Indian stock-market investors, with banks and IT companies in focus.
- What
- Market updates highlighted a possible positive start, a recent recovery and upcoming earnings.
- When
- At the start of the key trading week following Friday's recovery.
- Where
- India's stock market.
- Why
- Investors were weighing the recovery after eight weeks of Nifty losses, rising crude prices, RBI decisions and upcoming company results.
Positive signals
Risks and caution
Market direction
Positive signals
Nifty futures hinted at a positive start, and Friday's recovery ended a run of eight weekly losses.
Risks and caution
The market outlook remained cautious, with analysts warning that a fall below 22,400 could bring a retest of recent lows.
Crude oil and market pressure
Positive signals
The recent recovery and expected positive start offered some near-term optimism.
Risks and caution
Brent crude had surged above $105 a barrel, adding a concern as the market entered the week.
- Nifty recent trend
- Ended eight straight weeks of losses with a green weekly candle.
- Brent crude
- Trading above $105 a barrel.
- Nifty support
- 22,400; a break below could lead to a retest of recent lows, analysts said.
- Nifty upside zone
- 22,600–22,700, identified as an important supply zone.
- Nifty Bank support
- 54,500 in case of a fall.
- Companies reporting results
- HCLTech, Wipro and Tech Mahindra were due to report results during the week.
- Other stocks to watch
- Avenue Supermarts, Poonawalla Fincorp, RBL Bank and Lenskart.