Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said.
The movement of rupee and global oil benchmark Brent crude will also be tracked by investors.
“The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend. It is important to consider these factors alongside domestic developments,” said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Institutional activity will also have a significant impact on market trends, Gour added.
Among major earnings to be announced this week are from Central Bank of India, HDFC Bank, IndusInd Bank, Hindustan Unilever, Infosys, Ashok Leyland, DLF, JSW Steel, Hindustan Zinc and Reliance Industries.
“Global and domestic cues, upcoming quarterly earnings, FII (Foreign Institutional Investors) and DII (Domestic …
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