Dalal Street

The market snapped a 4-week winning streak, ending the week of July 10 with mild losses as West Asia tensions and rising crude prices sparked risk-off sentiment mid-week.

The Nifty 50 slipped 0.26% to close at 24,207, while the Sensex dropped 0.25% to 77,569. But broader markets held up better — Nifty Midcap 100 rose 1.36% and Nifty Smallcap 100 gained 1.26%. A late-week recovery helped, thanks to a fall in India VIX, upbeat Q1 business updates from banks and IT, and steady FII buying setting a positive tone ahead of earnings season.

What to watch this week

Analysts expect markets to stay positive unless geopolitical risks in West Asia flare up again. The focus will be split between domestic and global triggers:

10 key factors on Dalal Street’s radar:

  1. Q1FY27 earnings – Banks and IT kick off the season
  2. India inflation data – For RBI rate cues
  3. US inflation numbers – Core CPI in focus
  4. Fed Chair Kevin Warsh’s testimony – Any hints on rate path
  5. China GDP data – For global growth signals
  6. Crude oil prices – Tracking West Asia developments + US-Iran talks
  7. FII flows – Buying has been supportive
  8. India VIX – Lower volatility aided the rebound
  9. US-Iran talks progress – Key for oil and risk sentiment
  10. Global market cues – Overall risk appetite

“With supportive domestic fundamentals and improving global cues, we expect the gradual upmove to continue,” said Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services.

Vinod Nair of Geojit Investments added that domestic investors will watch earnings and inflation closely, while global participants track US inflation and Fed commentary.

Bottom line: Earnings and inflation at home, plus Fed + China + oil globally, will decide if Nifty reclaims 24,300+ this week.

By Admin

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