Indian equity markets this week will be guided by macroeconomic data, global developments, and quarterly results from IT giant TCS, analysts said. Investors will also keep an eye on foreign fund flows, which have continued to show caution.
In September, foreign portfolio investors (FPIs) were net sellers, withdrawing Rs 23,885 crore from Indian equities. This pushed the year-to-date outflow to Rs 1.58 lakh crore.
This week marks the start of the Q2 FY26 earnings season, with IT giant TCS set to announce its results on October 9. Investors will also closely watch macroeconomic data, including HSBC’s services and composite PMI, as well as banking sector figures on loan and deposit growth.
"Primary market activity is also set to remain strong, with large IPOs from Tata Capital and LG Electronics lined up," Ajit Mishra, SVP, Research, Religare Broking Ltd told PTI.
Globally, attention will be on US economic indicators such as FOMC (Federal Open Market Committee) minutes, jobless claims, and consumer sentiment.
Analysts say these will be particularly significant given the ongoing US government shutdown, which has delayed some data releases.
The rupee’s performance against the US dollar will also be under the scanner, following its slide to a record low.
As macroeconomic signals stabilise, investors will turn their focus to Q2 earnings and management insights, which could shape sector trends. The IT sector will take centre stage as TCS opens the earnings season for the quarter ended September 2025, a period affected by layoffs, a sharp $100,000 H-1B visa fee hike, and the proposed 25% outsourcing tax by the Trump administration.
"Against this backdrop, markets will be keenly watching management commentary on the impact of tariffs and visa costs, hiring outlook, deal wins, discretionary tech spending, and progress on AI initiatives. The tone of these updates could set the course for sector sentiment in the weeks ahead," Ponmudi R, CEO of Enrich Money, told PTI.
Last week, benchmark indices ended on a positive note. The BSE Sensex rose 780.71 points, or 0.97%, while the Nifty gained 239.55 points, or 0.97%.
"Indian equities closed the holiday-shortened week with a positive bias after recent corrections as investors' confidence was reinforced with the recent RBI's growth stance," said Vinod Nair, Head of Research at Geojit Investments Limited.
In September, foreign portfolio investors (FPIs) were net sellers, withdrawing Rs 23,885 crore from Indian equities. This pushed the year-to-date outflow to Rs 1.58 lakh crore.
This week marks the start of the Q2 FY26 earnings season, with IT giant TCS set to announce its results on October 9. Investors will also closely watch macroeconomic data, including HSBC’s services and composite PMI, as well as banking sector figures on loan and deposit growth.
"Primary market activity is also set to remain strong, with large IPOs from Tata Capital and LG Electronics lined up," Ajit Mishra, SVP, Research, Religare Broking Ltd told PTI.
Globally, attention will be on US economic indicators such as FOMC (Federal Open Market Committee) minutes, jobless claims, and consumer sentiment.
Analysts say these will be particularly significant given the ongoing US government shutdown, which has delayed some data releases.
The rupee’s performance against the US dollar will also be under the scanner, following its slide to a record low.
As macroeconomic signals stabilise, investors will turn their focus to Q2 earnings and management insights, which could shape sector trends. The IT sector will take centre stage as TCS opens the earnings season for the quarter ended September 2025, a period affected by layoffs, a sharp $100,000 H-1B visa fee hike, and the proposed 25% outsourcing tax by the Trump administration.
"Against this backdrop, markets will be keenly watching management commentary on the impact of tariffs and visa costs, hiring outlook, deal wins, discretionary tech spending, and progress on AI initiatives. The tone of these updates could set the course for sector sentiment in the weeks ahead," Ponmudi R, CEO of Enrich Money, told PTI.
Last week, benchmark indices ended on a positive note. The BSE Sensex rose 780.71 points, or 0.97%, while the Nifty gained 239.55 points, or 0.97%.
"Indian equities closed the holiday-shortened week with a positive bias after recent corrections as investors' confidence was reinforced with the recent RBI's growth stance," said Vinod Nair, Head of Research at Geojit Investments Limited.
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