Investors will be closely watching the upcoming Q1 FY27 earnings season, movements in crude oil prices, foreign fund flows, and developments in West Asia in the coming week. The Indian stock market concluded a four-week winning streak amidst heightened geopolitical tensions and volatile global cues. Despite marginal losses in benchmark indices due to renewed tensions in West Asia and a spike in crude oil prices, a strong recovery in the final two trading sessions, supported by easing global concerns and robust earnings from Tata Consultancy Services (TCS), helped limit the overall losses.
The Sensex decreased by 0.25% to settle at 77,569.39, while the Nifty slipped 0.26% to close at 24,206.90. On the other hand, the midcap and smallcap indices showed resilience, gaining over one percent. Market participants are eagerly awaiting the upcoming earnings announcements from major companies, as they will play a crucial role in determining the market’s near-term direction.
The ongoing June quarter earnings season has started positively following TCS’ strong financial performance. Geopolitical developments in West Asia will also be closely monitored, with concerns rising after fresh US strikes on Iran. Any further escalation or signs of de-escalation could impact global markets. Additionally, the trajectory of crude oil prices remains a key focus, as sustained increases could lead to inflationary pressures and affect corporate profitability, especially for India, a major oil importer.
Foreign Institutional Investors (FIIs) remained net buyers during the week, injecting around Rs 4,670 crore on a net basis. These foreign inflows, coupled with softer crude prices and an improvement in global risk sentiment, provided essential support to domestic equities despite intermittent volatility.
