Mumbai, Oct 19 – The next week could decide the direction of India’s biggest stock indices as investors eye quarterly earnings, U.S. tariffs on China, a possible India‑U.S. trade deal and foreign portfolio investor (FPI) flows.
A U.S. update on new tariffs or on progress with the India‑U.S. trade agreement will likely sway market sentiment. Commerce Minister Piyush Goyal said discussions on the bilateral trade deal are “moving fast and in a positive mood.” If the two countries put a final agreement in place, the market may jump to fresh highs.
The Nifty and Sensex sit at record levels right now. The week ahead will test whether the stocks can keep rising when the latest earnings reports arrive.
So far this quarter’s earnings match expectations for most big‑name companies. HUL, SBI Life, Dr. Reddy’s and SBI Card already published their July‑September results, and their numbers largely satisfied investors.
FPIs have flipped the script this month. For the first time in October, they bought ₹6,480 crore worth of shares, after three straight months of selling. This shift is already helping to boost the indices.
Last week the markets closed stronger on all fronts. The Nifty was up 424 points, or 1.68 %, finishing at 25,709.85. The Sensex gained 1,451.37 points, a 1.76 % rise, to close at 83,952.19.
Sector‑wise, the upbeat story was driven by consumer‑driven stocks. Realty led the pack, jumping 4.14 %. Auto up 1.90 %, financial services 2.59 %, FMCG 3.00 %, infrastructure 1.70 % and consumption 2.73 %.
Midcap and small‑cap action was mixed. The Nifty Midcap 100 rose 204.85 points, or 0.35 %, to 58,902.25. The Nifty Smallcap 100 fell 10.95 points to 18,122.40.
Experts say the rally rests on strong demand in consumption‑related sectors and a broad‑based rebound in realty, healthcare and banking. “The mood is bright because concerns about bank asset quality are easing, and the festive season looks set to boost revenue growth,” said a market analyst.
In short, three key forces will shape the markets next week: fresh earnings data, any new U.S. tariff announcements, and the possible signing of a trade deal between India and the U.S. Investors watch closely, and FPIs now show buying interest. If the positive momentum continues, the Nifty and Sensex could hit new record levels.
Source: ianslive
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