India’s Stock Market at Crossroads: Quarterly Results, Inflation Data & US Trade Deal Set to Shape July Sessions

New Delhi(The Uttam Hindu): The upcoming trading week (July 14–18) is shaping up to be pivotal for India's stock markets, as investors await a flurry of events that could sway market sentiment. Key triggers include quarterly earnings announcements from major companies, updated inflation figures, and potential developments in the US‑India trade deal.

Several prominent corporations—HCL Tech, Nelco, Tata Technologies, Tejas Networks, AWL Agriculture, HDFC Life, Bank of Maharashtra, ITC Hotels, Axis Bank, HDFC AMC, Indian Hotels, Polycab, Wipro, and JSW Steel—are scheduled to release their June-quarter earnings, providing insight into industry trends and corporate health.

The first inflation data of July will be available on July 14, revealing June’s wholesale and retail price dynamics in India. On the global front, the US will publish its inflation report on July 15, industrial production numbers on July 16, and weekly jobless claims on July 17—data that could influence foreign investors’ appetite for Indian equities.

According to Sudeep Shah, Head of Technical & Derivatives Research at SBI Securities, India’s markets have lagged behind global peers despite global index gains, indicating a phase of consolidation and caution at home. Shah anticipates that updates on tariffs and Q1 earnings could provide fresh directional cues.

Last week saw a mixed performance on Indian bourses. The Sensex ended at 82,500.47, down 1.12% (932.42 points), while Nifty closed at 25,149.85, shedding 311.15 points (1.22%). Tech stocks faced significant pressure, pulling the Nifty IT Index down by 3.76%. Sectors like auto, infrastructure, and energy also dropped between 1–2%, whereas FMCG stocks bucked the trend, lifting the Nifty FMCG Index by 2.15%.