Mumbai, Oct 26 (NationPress) The upcoming week is poised to be pivotal for the Indian equity markets, with several significant elements likely to sway investor sentiment. The US Federal Reserve meeting, Q2 earnings releases, IIP data, and updates on the US-China and US-India trade agreements will play a critical role in shaping market trends.

The policy meeting of the US Federal Reserve is set for October 28–29. Analysts speculate that the Fed may contemplate an interest rate reduction, potentially boosting both global and domestic markets.

Next week, numerous prominent companies are expected to announce their quarterly earnings, including Indian Oil, TVS Motor Company, L&T, Hindustan Petroleum, ITC, Cipla, Dabur India, Maruti Suzuki India, BEL, and ACC.

Developments regarding trade agreements will also be monitored closely, as the US is actively pursuing deals with both China and India. Any substantial progress in this area could lead to pronounced market responses.

In the previous week, Indian stock markets closed slightly higher, with the Nifty finishing at 25,795.15, marking an increase of 0.33 percent or 85.30 points, while the Sensex rose 0.31 percent or 259.69 points to close at 84,211.88.

By sector, Nifty IT advanced 2.96 percent, PSU Bank increased 2.34 percent, Pharma grew by 0.47 percent, Metal gained 1.45 percent, Realty rose by 0.77 percent, Energy added 0.65 percent, and Media climbed 1.35 percent.

However, Nifty Auto dipped 0.44 percent, Financial Services decreased 0.52 percent, and FMCG fell 0.47 percent.

Both Midcap and Smallcap indices experienced gains, with the Nifty Midcap 100 Index rising 328.95 points or 0.56 percent to 59,231.20, while the Nifty Smallcap 100 Index advanced by 130.95 points or 0.72 percent, closing at 18,253.35.

Analysts indicate that the Nifty remains above its 20-day, 50-day, and 200-day EMAs, reflecting a robust underlying bullish structure and sustained momentum.

“On the weekly chart, the RSI is at 61.60 and is moving sideways, suggesting a neutral-to-positive outlook with the potential for renewed momentum once consolidation concludes,” they noted.

“Should it break decisively below 25,670, we could see an acceleration toward 25,500, and further down to 25,400. Conversely, resistance is visible at 25,950, followed by 26,000 and 26,100,” experts remarked.