"The result season is now coming to an end. Overall the earnings have been in the expected line. In the absence of any major trigger and uncertain global cues, we expect the market to consolidate in the range," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Overall, we expect the market to consolidate in a range with a positive bias as we move further into the earning season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Asian markets mixed ahead of key economic data and a busy week of earnings and central bank meetings. Markets anticipate a 25 basis points interest rate hike from the US Federal Reserve and European Central Bank later this week and possibly the end of the tightening cycle in both.
Asian markets traded mostly higher following upbeat sentiment from US stocks as softer US inflation data reinforced hopes that the Federal Reserve is approaching an interest-rate peak. Investors are now focusing on Q2 US earnings, with Wells Fargo, BlackRock, and Citigroup set to declare results.