Daijiworld Media Network – New Delhi
New Delhi, Jan 12: Indian stock markets are bracing for a volatile week, with investors closely monitoring corporate earnings for the December quarter. Major companies such as Infosys, Reliance Industries, HCL Technologies, HDFC AMC, HDFC Life, and Axis Bank are expected to release their financial results, which could significantly influence market sentiment.
Analysts also expect inflation data, including India's Consumer Price Index (CPI) on Monday and Wholesale Price Index (WPI) on Tuesday, to play a crucial role in market movement. The performance of Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also be closely watched.
The previous week saw the BSE benchmark slump by over 2%, driven by sustained foreign fund outflows, weaker expectations for Q3 earnings, and concerns over rising US bond yields and a stronger dollar. The rebound in crude oil prices also added to inflation worries, further dampening investor confidence.
"Corporate earnings will dominate the market's focus, with key sectors like IT and banking coming into sharp focus," said analysts, adding that inflationary pressures and global developments, including US labour market data, could shape market trends.
As investors navigate this mix of factors, market volatility is expected to continue through the week.