The Q3 results season will provide indications of the Nifty earnings for FY24. Financials, capital goods, telecom, automobiles and hotels will post good numbers, analysts said
The market is moving up and down without a directional trend amid uncertainty ahead of Q3 earnings. Up moves are countered with selling and down moves are responded with buying.
The market anticipates volatility, influenced by factors such as the surge in COVID-19 sub-variant JN.1 cases in India, FOMC minutes on January 4, and US NFP figures later in the week.
Expensive valuations have slowed down exuberant investors as they gear their portfolios towards the upcoming Q3 earnings season which begins next week with TCS and Infosys leading the show on January 11