Week Ahead: Q2 Results, WPI-based inflation, RBI MPC Minutes, crude oil prices among key market triggers this week

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Also Read: These 50 smallcap stocks log double-digit rise as Sensex settles marginally higher on volatile week; do you own? "The rebound from the sluggish start, propelled by positive expectations on Q2 earnings and moderation in global bond yield despite concerns over the Middle East conflict continues to hover. The release of higher-than-anticipated US inflation data and resulting increase in treasury yields marginally offset the positive trend by the end of the week,'' said Vinod Nair, Head of Research at Geojit Financial Services. Domestic benchmark equity indices slipped into the negative territory in the previous session despite some intraday recoveries.

In the last hour of the trade, index heavyweight stocks such as HDFC Bank, Kotak Mahindra Bank, State Bank of India, and Axis Bank witnessed major selling dragging down the benchmark indices. Nifty 50 lost 42.95 points to settle at 19,751.05. The Sensex falls 125.65 points to close at 66,282.74.

Further, IT stocks also weighed on the market sentiment on the backdrop of US inflation worries. Despite the fall on Friday, the benchmarks logged weekly gains of nearly 0.5 per cent each, due to a relief rally earlier in the week on easing US yields and dovish comments from US Federal Reserve officials. While domestic factors such as a significant drop in CPI data and impressive industrial production helped to sustain the broad optimism.