Indian stock markets are anticipated to be volatile in the upcoming week due to a mix of significant domestic and global factors. Benchmark indices closed the previous week weakly, extending a five-session losing streak, with caution prevailing ahead of corporate results and ongoing foreign fund outflows. The focus now shifts to the performance of companies in the December quarter and the impact of macroeconomic data on market sentiment.
The earnings season is set to begin with major IT firms like Tata Consultancy Services, HCL Technologies, Infosys, Wipro, and Tech Mahindra unveiling their Q3 results. The upcoming week will be data-heavy on the macro front for India, with releases expected on CPI inflation, WPI inflation, trade balance figures, and foreign exchange reserves data. These indicators will play a crucial role in evaluating the economy’s health and shaping expectations regarding interest rates and policy outlook.
Global cues will also be closely monitored, particularly developments related to US trade policy. The US Supreme Court is slated to rule on key cases, including challenges to President Donald Trump’s global tariff measures. Any clarity or unexpected rulings could impact global markets and subsequently influence Indian equities. Experts suggest that immediate resistance levels are at 25,800, 25,940, and 26,000, with support at 25,600 and 25,450. A breach below 25,300 could escalate downside pressure, as per market analysis.
