News

Published: Jan 25, 2023
Updated: Jan 25, 2023

Navigating the Volatile Market: Five Factors to Watch Out for the Week

The market managed to eke out gains in yet another week of volatile and rangebound trade, and stayed in the green on the back of technology, metal, capital goods, oil and gas, and power stocks. Selling in healthcare, auto, and select FMCG stocks, however, capped the rise.

Corporate Earnings:

Corporate Earnings Season Continues: What to Expect from Axis Bank, Maruti Suzuki, and More

We will enter into the third week of the quarterly earnings season and more than 300 companies are set to release their numbers for December FY23 quarter. Prominent companies like Axis Bank, Maruti Suzuki India, HDFC Asset Management Company, Bajaj Auto, Cipla, Dr Reddy's Laboratories, Tata Motors, Bajaj Finance, and NTPC will announce their earnings next week.

US Q4CY22 GDP Estimates:

Tracking the Progress of the World's Largest Economy: US GDP Data to Watch

Investors will keep an eye on the first estimates for the fourth quarter of 2022 US GDP data due on January 26, to know the progress in the world's largest economy amid continuing rate hike cycle by the Federal Reserve.

Oil Prices on the Rise: What to Expect in the Coming Week

Oil prices have shown a good uptick for more than a couple of weeks now, with international benchmark Brent crude futures rising by around $10 a barrel since January 4,2023.

On Monday, the market will first react to quarterly earnings announced by major companies like Reliance Industries, ICICI Bank, Kotak Mahindra Bank and UltraTech Cement. Overall the coming holiday-shortened week, too, is expected to be rangebound and volatile amid expiry of monthly derivative contracts, with continuing stock specific actions due to quarterly earnings season, and eye on the Budget, experts said.

Budget and Earnings Season on the Horizon: How Will the Market React?

The market will remain shut on January 26 for Republic day. Despite the market being range bound and volatile, there are a number of key factors that traders will need to keep an eye on next week, including corporate earnings, US GDP data, and global macroeconomic indicators. Additionally, with the Union Budget and the outcome of the FOMC meeting both due on February 1, investors will be closely watching for any signs of how the market will react in the coming weeks.