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What to Expect from the Indian Stock Market This Week: Key Earnings and Economic Data

This week, the Indian stock market is set to be influenced by key quarterly earnings reports and important macroeconomic data releases. With the market closed on Wednesday for Guru Nanak Gurpurab, analysts anticipate a busy week ahead. Major companies like Bharti Airtel and Titan Company are expected to announce their results, while macroeconomic indicators such as the HSBC manufacturing PMI will provide insights into domestic growth. Additionally, foreign investor activity will be closely monitored after a recent influx of capital. Stay tuned for updates on how these factors will shape market trends.
 

Market Outlook for the Week Ahead


New Delhi: Analysts predict that the Indian stock market will be influenced by quarterly earnings reports, macroeconomic data releases, and global market trends during this holiday-shortened week.


The stock exchanges will be closed on Wednesday in observance of Guru Nanak Gurpurab.


Despite the shortened week, it promises to be eventful with several important data releases and significant corporate earnings announcements. Key attention will be on the final readings of the HSBC manufacturing PMI, along with the HSBC services and composite PMI data, which are expected to provide insights into domestic economic growth.


Major companies such as Bharti Airtel, Titan Company, Adani Enterprises, Adani Ports, InterGlobe Aviation, Mahindra & Mahindra, State Bank of India, Lupin, Bajaj Auto, and Hindalco are scheduled to report their quarterly results, according to Ajit Mishra, Senior Vice President of Research at Religare Broking Ltd.


Additionally, global developments regarding trade agreements and trends in international markets will be monitored closely for directional guidance.


Investor interest will also focus on foreign investor trading activity. After three months of net withdrawals, foreign investors returned as net buyers in October, injecting Rs 14,610 crore into the market.


Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, noted that the markets are likely to respond to a busy macroeconomic calendar this week, with various S&P global manufacturing and services PMI readings for India and other major economies expected to provide fresh insights into global growth trends. These data points, along with fluctuations in the Indian rupee against the dollar, will significantly influence investor sentiment and sector performance.


In the previous week, the BSE benchmark index fell by 273.17 points, or 0.32%, while the NSE Nifty index decreased by 73.05 points, or 0.28%.


Vinod Nair, Head of Research at Geojit Investments Limited, commented that the Indian markets concluded the last week of October with profit-taking as investors decided to cash in on gains following a sustained rally.


Looking forward, the market will keep a close eye on trade discussions with the United States and the ongoing corporate earnings season, which has thus far yielded mixed results.