Trump's swearing in next week, third quarter results key factors – Obnews

The market outlook for the next week will be guided by the Donald Trump factor, Q3FY25 results, foreign institutional investors (FIIs), rupee vs dollar and crude oil prices. Trump will be sworn in as the 47th US president on January 20, as investors keenly eye the upcoming tariff announcements. According to market watchers, there may be volatility in the global market in the coming week.

According to experts, “Looking ahead, the incoming US President's policies and comments focusing on tariffs will be keenly watched. “Higher inflation in Japan or tighter policy by the BoJ will impact market sentiments.”

More than 240 companies will announce their quarterly earnings next week. The market will keep an eye on the results of other companies including Adani Green Energy, HDFC Bank, One97 Communication (Paytm), Zomato, IDBI Bank, Indian Overseas Bank, Tata Technologies, Bharat Petroleum Corporation and Indigo.

Four new IPOs will open for subscription in the primary market in the coming week, of which three will be in the small and medium enterprises (SME) segment. The Indian stock market witnessed a decline in the trading session from January 13 to January 17. Nifty fell 228.30 points or 0.97 per cent to 23,203.20 and Sensex fell 759.58 points or 0.98 per cent to 76,619.33. During this period, Nifty Bank index closed at 48,540.60 with a decline of 193.55 points or 0.40 percent.

Moreover, the last week was full of ups and downs for Nifty midcap stocks as the index closed at 54,607.65 with a gain of 21.90 points or 0.04 per cent. Nifty fell for the second consecutive week due to continuous selling pressure. Experts say the index is trading below its 21-week and daily exponential moving averages and has slipped below the ascending trendline, indicating bearish sentiment.

If the index reaches 23,400 there could be buying, which could potentially take it to 23,700. FIIs sold shares worth Rs 3,318.06 crore on January 17, while domestic institutional investors bought shares worth Rs 2,572.88 crore on the same day. FII sentiment remains negative. Foreign portfolio investors (FPIs) have sold Indian equities worth Rs 44,396 crore so far in January.