This week, the market will be looking for Q1 earnings from some of the biggest names in Dalal Street such as Tata Steel, Axis Bank, Bajaj Finance, TVS Motor Company, Asian Paints, Tech Mahindra, Bajaj Auto etc.
As the Federal Reserve decides whether to tighten the money supply further, corporate treasurers are scrambling to cope with the impact of more than a year of central bank rate hikes, taking steps like cutting costs and paying down debt.
Traders were bullish in Indian markets on Tuesday after CPI inflation eased to 25-month low which increases the possibility of a rate cut in the forthcoming monetary policies. Sensex and Nifty 50 zoomed closer to their lifetime highs.
Crude oil prices end the week on a muted note due to weak Chinese data, outweighing the output decision by Saudi Arabia. OPEC+ reached a deal on output policy, reducing overall production targets from 2024 by a further total of 1.4 million bpd.