US election, Q2 earnings, Fed meet and 5 more factors to likely impact stock markets this week
US election, and global market dynamics—will likely shape market movements.
On Friday, the Nifty 50 and BSE Sensex rose by 0.41% and 0.42%, respectively, during a special Diwali «muhurat» trading session. Auto stocks led this upward move, bolstered by strong monthly sales data. «The domestic market showed positive reversal signs this week, aided by festive sentiment, steady institutional inflows, and declining oil prices,» said Vinod Nair, Head of Research at Geojit Financial Services. Market sentiment was also uplifted by easing geopolitical tensions and positive India-China relations.
Q2 Earnings
Investors will closely watch corporate earnings as the next batch of Q2FY25 results to be released this week. Companies including Titan, Power Grid Corporation, Tata Steel, Lupin, Mahindra & Mahindra, Trent, LIC, Tata Motors, Asian Paints, Divi's Laboratories, and SBI will be in focus. Analysts expect mixed results, with some sectors performing robustly while others may face challenges. The market's reaction will likely hinge on how these earnings align with broader economic signals.
Outcome of US election
The United States presidential election on November 5 has Democratic Vice President Kamala Harris and Republican former President Donald Trump in a close contest, according to recent polls. Analysts suggest that the outcome will have economic ripple effects on various sectors of the Indian economy, driven by the differing policy approaches of the two candidates.
An analysis by JM Financial suggests that a victory
