Moneycontrol PRO
HomeNewsBusinessEconomyQ4 earnings to steer market, volatility may be seen

Q4 earnings to steer market, volatility may be seen

Quarterly earnings from blue-chips like ICICI Bank and Bharti Airtel would be the key driving force for the stock market this week, while participants will also take cues from global trends and foreign fund inflows, say experts.

April 24, 2016 / 11:54 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Quarterly earnings from blue-chips likeICICI Bank andBharti Airtel would be the key driving force for the stock market this week, while participants will also take cues from global trends and foreign fund inflows, say experts. There may also be bouts of volatility amid derivatives contract expiry, they added. "Q4 earnings, outcome of US Federal Reserve meeting and trend in global markets will set the trend for the market this week. Initially, market will react to the result of index major,Reliance Industries earnings in early trades on Monday and that will set the next directional move in index after the recent consolidation," said Vijay Singhania, Founder-Director, Trade Smart Online. Markets will continue to remain volatile as derivatives contract expire on Thursday, he added. Reliance Industries on Friday reported its highest quarterly net profit in over eight years as fall in oil prices boosted refining and petrochem margins, helping the company post a 16 percent jump in earnings for the three-month period ended March 31. Experts said market men would also monitor the next session of Parliament which will commence from Monday after a month long recess. Upcoming key earnings this week includeAxis Bank,Maruti Suzuki, Bharti Airtel,Idea Cellular and ICICI Bank. "Trend in global market, investment by foreign institutional investors (FII) and domestic institutional investors (DII), movement of rupee against dollar and crude oil price will dictate trend in near term. Market may remain volatile ahead of expiry of derivative contracts," said Rohit Gadia, Founder & CEO, CapitalVia Global Research. On the global front, the two-day US Federal Open Market Comittee (FOMC) meeting is scheduled on Tuesday and Wednesday. The Sensex extended its gains for the second straight week, surging 211 points to end at 25,838.14.

    first published: Apr 24, 2016 11:54 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347