Stock market preview: Earnings from SBI, Adani, Titan and M&M to guide Sensex and Nifty moves

Mumbai: Indian stock markets are set for an eventful week as investors turn their attention to a slew of corporate earnings, a series of initial public offerings (IPOs), and crucial trade negotiations between India and the United States.

These developments are expected to shape the trajectory of the Sensex and Nifty, after both benchmark indices ended the previous week with modest losses.

The Sensex declined 465.75 points, or 0.55 per cent, to close at 83,938.71, while the Nifty slipped 155.75 points, or 0.60 per cent, to 25,722 on Friday. Weak global cues and profit-taking amid mixed quarterly results weighed on market sentiment. However, on a monthly basis, the Sensex rose 4.6 per cent, and the Nifty advanced 4.5 per cent.

In the broader market, the BSE Midcap index dipped 0.55 per cent, and the Smallcap index declined 0.40 per cent.

Next week, several major companies, including Bharti Airtel, Titan Company, Adani Enterprises, Adani Ports, InterGlobe Aviation, Mahindra & Mahindra, Paytm, SBI, Britannia, Lupin, Bajaj Auto and Hindalco Industries, are scheduled to announce their quarterly earnings, which are expected to guide market direction.

On the policy front, Commerce Minister Piyush Goyal said India is in the final stages of negotiations with the United States for a bilateral trade agreement, while talks with the European Union are also progressing positively.

Meanwhile, the primary market is set for a busy week with five IPOs opening for subscription, two on the mainboard and three in the SME segment. Additionally, five companies are slated to make their stock market debut, adding to overall market activity.

Analysts expect heightened volatility, with market movements influenced by corporate results, trade developments and global trends.

“Updates on US–India trade negotiations and global cues will play a key role in shaping investor sentiment next week,” they noted.

In terms of technical levels, the Nifty has immediate support at 25,600 and 25,500, which could present buying opportunities on declines. On the upside, resistance is expected near 25,800 and 26,000, with a breakout above 26,000 likely to trigger a bullish move toward the 26,100–26,300 range, according to market watchers.

IANS