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Earnings to Steer Markets, Volatility Seen Ahead: Experts

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Earnings to Steer Markets, Volatility Seen Ahead: Experts
New Delhi: Quarterly earnings from blue chip companies like ICICI Bank and Bharti Airtel would be the key driving force for the stock market in the coming week (starting April 25), while participants will also take cues from global trends and foreign fund inflows, say experts.

There may also be bouts of volatility amid derivatives contract expiry, they added.

"Q4 earnings, outcome of US Federal Reserve meeting and trend in global markets will set the trend for the market this week. Initially, market will react to the result of index major, Reliance Industries earnings in early trades on Monday and that will set the next directional move in index after the recent consolidation," said Vijay Singhania, founder-director of Trade Smart Online.

Markets will continue to remain volatile as derivatives contract expire on Thursday, he added.

Reliance Industries on Friday reported its highest quarterly net profit in over eight years as fall in oil prices boosted refining and petrochemical margins, helping the company post a 16 per cent jump in earnings for the three-month period ended March 31.

Experts said marketmen would also monitor the next session of Parliament which will commence from Monday after a month long recess.

Companies slated to report quarterly earnings during the week include Axis Bank, Maruti Suzuki, Bharti Airtel, Idea Cellular and ICICI Bank. 

"Trend in global market, investment by FII and DII, movement of rupee against dollar and crude oil price will dictate trend in near term. Market may remain volatile ahead of expiry of derivative contracts," said Rohit Gadia, founder and CEO of CapitalVia Global Research.

On the global front, the two-day US FOMC meeting is scheduled on Tuesday and Wednesday.

On a weekly basis, the Sensex surged 211 points to settle at 25,838.14, extending gains for a second straight week.


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