The ongoing quarterly earnings report card of corporates, global trends and trading activity of foreign investors are key factors to drive the momentum in the equity markets this week, analysts said.
Moreover, markets would also focus on global oil benchmark Brent crude and the rupee-dollar trend.
“On the domestic front, the upcoming release of Q2 earnings report is expected to have a significant influence on market sentiment. If FIIs (Foreign Institutional Investors) shift to net buying, it could further propel the market’s upward movement,” Swastika Investmart Ltd Head of Research Santosh Meena said.
While geopolitical concerns persist, they have had limited impact on the market’s overall trajectory, Meena said, adding that the resilience of global markets will be crucial in determining the sustainability of this positive momentum.
From the macroeconomic front, the industrial production data is scheduled to be announced on Friday after market hours.
“Global and domestic …
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