Domestic equities ended the week on a strong note, with Nifty rising 1.1% to close at 24,334 on Friday, driven by strong June-quarter earnings from index heavyweights across the IT and Financials sectors. Analysts say Indian equities are expected to witness a gradual uptrend next week, on the back of a strong Q1 earnings season so far, which is likely to remain the key driver of sectoral and stock-specific performance. With several index heavyweights reporting earnings over the weekend, investor focus will remain on management commentary and earnings reactions, which are expected to shape sectoral performance and define the near-term market narrative.
STATE OF THE MARKETS
