The US Fed interest rate decision and ongoing quarterly earnings from corporates are the major factors to drive the equity markets this week, where the benchmark indices may face volatile trends amid the scheduled monthly derivatives expiry, according to analysts.
Besides, trends in global markets and the trading activity of foreign investors would also influence domestic equities.
“On July 26, the US Federal Reserve will announce its policy decision, and there is an expectation of a 25 basis point rate hike. Market participants will closely analyse the comments made during the announcement. Additionally, on July 28, the Bank of Japan will also reveal its policy decision,” Santosh Meena, Head of Research at Swastika Investmart Ltd, said.
Companies like Tata Steel, Asian Paints, Axis Bank, Bajaj Finance, BPCL and Tech Mahindra will release their earnings throughout the week, Meena added.
Shares of Reliance Industries Ltd, India’s most valuable company, will be in focus on Monday aft
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