What Can We Expect from the Stock Market This Week?

Synopsis
Key Takeaways
- Quarterly earnings of major companies are due this week.
- Inflation reports are critical for market sentiment.
- Global economic indicators will influence trading.
- IT stocks are underperforming compared to FMCG stocks.
- Market consolidation is observed amid cautious trading.
Mumbai, July 13 (NationPress) The trading week ahead holds significant importance for the Indian stock market, with multiple pivotal events on the horizon, including quarterly earnings, retail inflation statistics, updates on the US-India trade agreement, and various global economic indicators.
Key corporations such as HCL Tech, Nelco, Tata Technologies, Tejas Networks, AWL Agri Business, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC AMC, Indian Hotels, Polycab, Wipro, and JSW Steel are set to disclose their Q1 earnings this week.
From a macroeconomic perspective, inflation reports for June—both wholesale and retail—will be unveiled on July 14, possibly swaying investor sentiment.
Bajaj Broking Research indicates that global inflation data from the US is anticipated on July 15, followed by industrial production figures on July 16 and unemployment claims on July 17.
These economic indicators will significantly influence global risk appetite.
According to Sudip Shah, the Head of Technical and Derivatives Research at SBI Securities, the Indian market is currently lagging behind its global counterparts, many of which are experiencing robust rallies.
He noted that this trend signifies a period of consolidation and cautious trading within domestic equities.
Shah highlighted two critical factors that may steer market direction in the upcoming sessions: new tariff updates and Q1 earnings reports.
The previous week was characterized by notable volatility, with the Nifty index dropping by 311.15 points or 1.22% to finish at 25,149.85, while the Sensex fell by 932.42 points or 1.12% to settle at 82,500.47.
IT stocks were the primary contributors to this decline, causing the Nifty IT index to plummet by 3.76%. The Nifty Auto index declined by 2.03%, alongside reductions of 1.88% and 1.13% in the Nifty Infra and Nifty Energy indices, respectively.
Conversely, there was a surge in interest for FMCG stocks, with the Nifty FMCG index climbing 2.15% higher.