Quarterly corporate earnings , global trends, and foreign investor trading activities are expected to influence market sentiment this week, possibly causing volatility in benchmark indices, according to analysts.
Pravesh Gour, senior technical analyst at Swastika Investmart Ltd, said, "The upcoming Q2 results will be closely watched for insights into corporate performance. Meanwhile, escalating tensions between Israel and Iran pose a significant geopolitical risk, which could lead to higher oil prices and increased market volatility . FIIs ( Foreign Institutional Investors ) have been key drivers of the Indian market, and their stance will depend on global economic conditions and domestic political developments."
HDFC Bank reported a 6 percent rise in net profit for the September quarter, reaching Rs 17,825.91 crore on a consolidated basis. On a standalone basis, the bank's net profit rose to Rs 16,820.97 crore compared to Rs 15,976.11 crore in the same quarter last year.
For the September quarter, Kotak Mahindra Bank reported a 13 percent growth in net profit, reaching Rs 5,044 crore, driven by its subsidiaries' performance. On a standalone basis, the bank's net profit grew 5 percent to Rs 3,344 crore, though it was constrained by higher provisions.
Next week, Bajaj Housing Finance, Adani Green Energy, Bajaj Finance, One97 Communications, Zomato, Bajaj Finserv, and Bank of Baroda are also set to announce their earnings.
Ajit Mishra, SVP of Research at Religare Broking Ltd, said, "With no major triggers, market participants will focus on upcoming earnings for direction. First, they will react to the results of banking giants like HDFC Bank and Kotak Bank. Later, earnings reports from ITC, Hindustan Unilever, BPCL, HPCL, and Ultratech Cement will also be in focus."
Last week, benchmark indices dropped after foreign funds exited the domestic market. The BSE benchmark fell by 156.61 points, or 0.19 percent, while the Nifty declined by 110.2 points, or 0.44 percent.
Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said, "Geopolitical uncertainty, along with the slowdown in China's economy and ongoing FII outflows, has led to market caution."
Pravesh Gour, senior technical analyst at Swastika Investmart Ltd, said, "The upcoming Q2 results will be closely watched for insights into corporate performance. Meanwhile, escalating tensions between Israel and Iran pose a significant geopolitical risk, which could lead to higher oil prices and increased market volatility . FIIs ( Foreign Institutional Investors ) have been key drivers of the Indian market, and their stance will depend on global economic conditions and domestic political developments."
HDFC Bank reported a 6 percent rise in net profit for the September quarter, reaching Rs 17,825.91 crore on a consolidated basis. On a standalone basis, the bank's net profit rose to Rs 16,820.97 crore compared to Rs 15,976.11 crore in the same quarter last year.
For the September quarter, Kotak Mahindra Bank reported a 13 percent growth in net profit, reaching Rs 5,044 crore, driven by its subsidiaries' performance. On a standalone basis, the bank's net profit grew 5 percent to Rs 3,344 crore, though it was constrained by higher provisions.
Next week, Bajaj Housing Finance, Adani Green Energy, Bajaj Finance, One97 Communications, Zomato, Bajaj Finserv, and Bank of Baroda are also set to announce their earnings.
Ajit Mishra, SVP of Research at Religare Broking Ltd, said, "With no major triggers, market participants will focus on upcoming earnings for direction. First, they will react to the results of banking giants like HDFC Bank and Kotak Bank. Later, earnings reports from ITC, Hindustan Unilever, BPCL, HPCL, and Ultratech Cement will also be in focus."
Last week, benchmark indices dropped after foreign funds exited the domestic market. The BSE benchmark fell by 156.61 points, or 0.19 percent, while the Nifty declined by 110.2 points, or 0.44 percent.
Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said, "Geopolitical uncertainty, along with the slowdown in China's economy and ongoing FII outflows, has led to market caution."
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