The Indian stock market is heading into a busy week filled with important events that could influence investor mood. After ending last week on a weaker note—with Nifty falling 0.7%—markets will resume trading on Monday with several key updates to watch.
Here’s what will guide the market this week:
1. Quarterly Earnings (Q1 Results)
This week, over 286 companies will announce their April-June earnings. Key players from the Nifty like Infosys, Eicher Motors, UltraTech Cement, Bajaj Finance, Tata Consumer, Dr. Reddy’s, Cipla, Kotak Mahindra Bank, and SBI Life are on the list.
Big firms like Reliance Industries, HDFC Bank, and ICICI Bank have already released their results, and the market will react to them on Monday.
Also See: Reliance Q1 Profit Up 76% on Asian Paints Stake Sale, Strong Retail Growth
2. Global Market Cues
In the US, markets ended mixed last Friday. This week, investors will closely watch:
- Earnings from US companies
- Remarks by US Fed Chair Jerome Powell about interest rates.
3. Corporate Announcements
Over 100 companies will make announcements like:
- Dividends
- Bonus shares
- Rights issues
Some major names involved: LIC, Hero MotoCorp, Divi’s Labs, Shree Cement, Zydus Lifesciences, and Union Bank of India.
4. IPO Activity
The primary market is heating up with 4 big IPOs:
- IndiQube Spaces and GNG Electronics open July 23
- Brigade Hotel Ventures on July 24
- Shanti Gold International on July 25
In the SME sector, IPOs of Monarch Surveyors, TSC India, and Patel Chem Specialities are also lined up.
5. Investor Buying/Selling
- Foreign Institutional Investors (FIIs) bought stocks worth ₹374.74 crore on Friday.
- Domestic Institutional Investors (DIIs) were more active, buying stocks worth ₹2,103.51 crore.
Market direction will depend on how strongly these investors continue to buy or sell this week.
6. US Economic Data
Important US data expected this week:
- Existing Home Sales (July 23)
- Jobless Claims & Manufacturing PMI (July 24)
This data will give clues about the health of the US economy and affect global investor sentiment.
7. Rupee Watch
The rupee weakened last week, closing at ₹86.15 per US dollar due to:
- Foreign investors pulling out funds
- Rising demand for dollars by companies
If this continues, the rupee may fall further to ₹86.50 soon.
8. Oil Prices
Oil prices remain unstable:
- WTI Crude: $67.30
- Brent Crude: $69.28
Tensions in Iraq and other geopolitical issues could push oil prices higher, which may increase inflation and affect markets.
Also Read: EU Says Russian Oil Sanctions Won’t Affect India or Global Supply
Technical View
According to Rupak De (LKP Securities), Nifty found some support near 24,900 after selling pressure last week. As long as it stays below 25,260, the market may continue to see “sell on rise” behavior, meaning investors are likely to sell when prices go up slightly.
Investors should stay alert and watch how these factors shape market sentiment in the coming days.
