Earnings, crude oil, Jio IPO key monitorables for investors next week
Quarterly earnings, crude oil, Jio Platforms' initial public offering and trading activity of foreign investors will drive investors' sentiment in a holiday-shortened week ahead, analysts said.
Besides, developments in West Asia and the rupee-dollar trend would be tracked by investors.
"Indian equities enter the coming week with improved momentum following two consecutive weekly advances and a strong recovery led by information technology stocks.
The sustainability of this move remains to be established.
Elevated crude oil prices, geopolitical uncertainty, global bond market movements and uneven market breadth continue to warrant caution.
"Investors are likely to focus on whether the recent rally broadens beyond IT stocks and whether the benchmark indices can sustain their gains above immediate resistance levels," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said.
The proposed Jio Platforms IPO, which will open on October 21, is another key event to watch,
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