Stock Market Update: Quarterly Earnings, Global Trends, and Trading Activity to Drive Equity Market Movement

The stock market is gearing up for an eventful week ahead as the results season kicks in and several blue-chip firms prepare to announce their quarterly earnings. Analysts are closely watching companies like Infosys and Reliance Industries, along with global trends and trading activity of foreign investors, to determine the movement of the equity market.

With markets closed on Wednesday for Muharram, all eyes will be on the domestic WPI inflation data for June, which is scheduled to be announced on Monday. This data, along with major quarterly earnings reports from companies like HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and Reliance Industries, will set the tone for the week.

According to experts, Q1 earnings will be a key focus this week, with companies like Infosys and Reliance expected to release their results. Additionally, pre-Budget discussions are anticipated to contribute to market volatility.

On the global front, investors will be closely watching China’s GDP and Industrial Production numbers, as well as key events like the speech by the US Federal Reserve Chairman, US retail sales figures, and macroeconomic data from Japan.

In the midst of all this, IT services company HCL Tech posted a strong rise in consolidated net profit for the June-ended quarter and gave a positive revenue growth guidance for the fiscal year. This news is expected to impact the IT sector positively in the coming days.

Overall, the stock market is poised for an eventful week with a lot of key data and earnings reports on the horizon. Investors will be closely monitoring economic data from China, EuroZone, and the US, along with company earnings and global events to gauge market momentum.