Equity Market Trends and Q3 Results Expectations
Introduction
The equity market trends for the upcoming week are expected to be influenced by various factors such as quarterly earnings reports, global trends, prices, geopolitical situations, and decisions by the European Central Bank. Market participants will closely monitor the movement of the rupee against the dollar and crude oil prices during this results season.
Key Q3 Results
Several major Indian companies are set to announce their Q3 results this week. These include Axis Bank, Tech Mahindra, Bajaj Finserv, Cipla, Reliance Industries, and more. Despite the Dussehra holiday, Alok Industries will still release their earnings. Other significant companies releasing results later in the week include Vodafone Idea, Punjab National Bank, Maruti Suzuki India, and NTPC, among others.
Market Performance
Last week saw a dip in both BSE and Nifty indices. The Sensex closed at 65,398.56, down by 230.68 points, while Nifty fell 84.10 points to end the week at 19,540.60.
Global and Domestic Events
Global and domestic events like UK services PMI, US manufacturing and services PMI, US GDP, and initial jobless claims will also be in focus. Upcoming IPOs include Blue Jet Healthcare, On Door Concepts, and Shanthala FMCG Products. Several companies are expected to get listed next week.
Market Outlook
The markets will remain closed on Dussehra due to the holiday. The fragility of global markets is due to the rising US bond yield, global economic uncertainty, and geopolitical situations.
This article provides insights into the equity market trends and expectations for Q3 results. Stay updated with the latest market developments and upcoming earnings announcements for informed investment decisions.
