New Delhi: Current quarter earnings will be a major driving force behind the market trend and benchmark indices may face volatility this week amid expiry of derivatives, said analysts.
The markets will also keep an eye on global equities for further direction, he added.
Santosh Meena, Head (Research) Swastika Investmart said, “If we go by the indications of this week, then the earnings of next season and the F&O (Futures & Options) expiry for the month of October may cause volatility in the market.
Meena said the market will react to earnings Reliance Industries and ICICI Bank on Monday.
Tech Mahindra, Ambuja Cement, Axis Bank, Kotak Mahindra Bank, Adani Ports, L&T, Bajaj Auto, ITC, maruti suzuki, DLF, IndiGo and Tata Power will come out with their earnings during the weak, Meena said.
“Investors will react with global cues on the results of Reliance and ICICI Bank on Monday,” said Siddharth Khemka, head (retail research), Motilal Oswal Financial Services.
ICICI Bank on Saturday reported its highest ever quarterly profit of Rs 5,511 crore on a standalone basis for the quarter of September 2021, driven by a decline in bad loans, on account of healthy credit growth across the vertical.
Billionaire Mukesh Ambani’s Reliance Industries on Friday reported a 43 per cent jump in its September quarter net profit as business on all cylinders from oil to retail grew sequentially and on a year-on-year basis.
Yash Shah, Head (Equities Research), Samco Securities, said: “The market may struggle to find a foothold this week and is likely to remain range bound. With the monthly close this week, the market may remain volatile.”
Last week, the BSE 30-share benchmark had lost 484.33 points or 0.79 per cent.
Vinod Nair, Head (Research), Geojit Financial, said, “In the coming week, domestic markets will continue to track Q2 results for further direction. Any further discrepancy, as seen in the recent data is likely to lead to further decline in the short term.” Service said.
Volatility in rupee, Brent crude oil and foreign institutional investors will also affect trading in the markets.
The markets will also keep an eye on global equities for further direction, he added.
Santosh Meena, Head (Research) Swastika Investmart said, “If we go by the indications of this week, then the earnings of next season and the F&O (Futures & Options) expiry for the month of October may cause volatility in the market.
Meena said the market will react to earnings Reliance Industries and ICICI Bank on Monday.
Tech Mahindra, Ambuja Cement, Axis Bank, Kotak Mahindra Bank, Adani Ports, L&T, Bajaj Auto, ITC, maruti suzuki, DLF, IndiGo and Tata Power will come out with their earnings during the weak, Meena said.
“Investors will react with global cues on the results of Reliance and ICICI Bank on Monday,” said Siddharth Khemka, head (retail research), Motilal Oswal Financial Services.
ICICI Bank on Saturday reported its highest ever quarterly profit of Rs 5,511 crore on a standalone basis for the quarter of September 2021, driven by a decline in bad loans, on account of healthy credit growth across the vertical.
Billionaire Mukesh Ambani’s Reliance Industries on Friday reported a 43 per cent jump in its September quarter net profit as business on all cylinders from oil to retail grew sequentially and on a year-on-year basis.
Yash Shah, Head (Equities Research), Samco Securities, said: “The market may struggle to find a foothold this week and is likely to remain range bound. With the monthly close this week, the market may remain volatile.”
Last week, the BSE 30-share benchmark had lost 484.33 points or 0.79 per cent.
Vinod Nair, Head (Research), Geojit Financial, said, “In the coming week, domestic markets will continue to track Q2 results for further direction. Any further discrepancy, as seen in the recent data is likely to lead to further decline in the short term.” Service said.
Volatility in rupee, Brent crude oil and foreign institutional investors will also affect trading in the markets.
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