Q4 Results: From Infosys, Bajaj Auto and Wipro to HDFC Bank — A look at the earnings schedule this week
Q4 results this week: Investors can expect a bustling third week of April, with the stock market poised for action. Key events include the release of January-March quarter results for fiscal 2023-24 (Q4FY24), 2024 general elections, escalating tensions between Israel and Iran, economic data both at home and abroad, and fluctuations in crude oil prices.
Despite reaching new record highs, domestic stock indices remained steady last week. But rising tensions in the Middle East and concerns about oil supply pushed crude oil prices upwards, affecting overall market sentiment.
Also Read | Market valuation of top firms surges ₹59,404 crore during holiday-shortened week; Airtel and ICICI Bank gain big The uncertainty caused by geopolitical issues drove up gold prices, as central banks increased their purchases and investors sought safe-haven assets. Consequently, emerging markets saw a slowdown towards the end of last week.
In the domestic market, foreign investors are cautious due to subdued expectations for Q4 results and the high valuations of mid-cap and small-cap stocks. The IT sector continues to see consolidation, with weak Q4 earnings reflecting slowdowns in spending and uncertainties surrounding US interest rates.
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