Q1 earnings, trade talks to guide markets: Analysts
NEW DELHI: In an event-heavy week, stock investors will track quarterly earnings of several bluechip firms, likely outcome of ongoing India-US trade talks, and inflation data for market cues, analysts said.
Moreover, global market trends and trading activity of foreign investors would also guide movement in equities, they said.
"Earnings season will be in full focus. WPI and CPI inflation data will closely tracked," Ajit Mishra, SVP, research, Religare Broking, said.
Stay informed with the latest
business
news, updates on
bank holidays
and
public holidays
.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 minutes ago
- Time of India
Govt signs MoU with Spain-headquartered firm to develop AI ready data centre
Indore: The Madhya Pradesh State Electronics Development Corporation (MPSEDC) signed a memorandum of understanding (MoU) with a Spain-headquartered global company specialising in data centre cooling technology. The MoU with Submer Technologies SL was signed to establish a strategic collaboration to jointly develop up to 1 gigawatt (GW) of next-generation, AI-ready data centre capacity in Madhya Pradesh. The agreement was signed during Invest in Madhya Pradesh Business Forum held in Barcelona in presence of chief minister Mohan Yadav. In a post on X, Yadav said, "At the Invest in Madhya Pradesh Business Forum held today in Barcelona, the capital of Spain, detailed discussions were held with entrepreneurs on immense potential for investment and trade in Madhya Pradesh, and they were invited to explore opportunities in the state. On this occasion, an MoU was also signed between @MPSeDC_DST and @submertech." "It is a matter of pride that Madhya Pradesh successfully earned the trust of global investors through its stable governance, industry-friendly policies, simplified procedures, and prompt decision-making," he said. The partnership aims to significantly reduce energy consumption, water usage, and environmental footprint, aligning with global efficiency benchmarks for data centre operations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Under the terms of the MoU, the govt of Madhya Pradesh will facilitate land allocation, regulatory clearances, and investment incentives for qualifying data centre projects. Submer Technologies, known for its vertically integrated solutions spanning data centre hardware, design, and AI infrastructure services, will provide advisory services, design certification, and capability-building support to enable successful execution of the roadmap. "The vision of Madhya Pradesh to lead India's green digital transition finds a strong alignment with Submer's commitment to climate-conscious infrastructure. This MoU marks the beginning of a robust partnership that will catalyse local employment, skill development and innovation, while building scalable infrastructure for the AI era," said department of science and technology additional chief secretary Sanjay Dubey. A visit from the team of Submer Technologies SL is scheduled for later this month to identify prospective sites and engage with ecosystem partners in the state.
Time of India
30 minutes ago
- Time of India
Would have taken govt nod for Hindustan Zinc fee if it was needed: Arun Misra, CEO
If Hindustan Zinc 's brand fee agreement needed an approval from the government, it would have been taken, Arun Misra, the CEO of the Vedanta-owned company said on Friday. Misra's remarks were in response to ET's query regarding US-based short seller Viceroy Research 's claim that Hindustan Zinc did not take the government's approval for its Brand Fee agreement in 2023. In its report earlier this week, Viceroy said that this would lead an 'event of default' as per the shareholder agreement with the government. Explore courses from Top Institutes in Select a Course Category Artificial Intelligence Cybersecurity Leadership Product Management Digital Marketing others Data Science Management Operations Management Design Thinking MBA MCA Technology Healthcare CXO Others healthcare Degree Data Analytics Data Science Project Management Public Policy PGDM Finance Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details "The point is about deliberation where government-nominated directors attend. It goes through a number of audits. It gets vetted by legal and then it is done in the board meeting," Misra told ET in an exclusive interaction. "The board will also ask the same question. So, had the approval been needed, it would have been taken," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cardiologist Reveals: The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo While Vedanta owns 61.84% of Hindustan Zinc, the government has a 27.92% stake in the company. The company's board also has directors nominated by the government. Earlier this week, ET had reported that these nominees are likely to ask the company about its dealings with its promoters in the aftermath of the Viceroy report. "When I opened the document, I was made to agree that it was for educational purposes-how do I take it to the board for discussion?" Misra said. He, though, acknowledged that the board meeting did have discussions related to the report. APRIL-JUNE EARNINGS Live Events The company also reported its earnings for the June quarter on Friday, and its consolidated net profit fell nearly 5% year-on-year to ₹2,234 crore. The bottomline, though, was higher than market expectations.
Time of India
31 minutes ago
- Time of India
Viceroy report on Vedanta lacks credibility: Ex-CJI Chandrachud
Viceroy Research 's report on the Vedanta group lacks credibility, former chief justice of India DY Chandrachud said on Friday, referring to the short-seller's reports on the group over the past few days. "Viceroy has a track record of taking short positions in listed companies and then publishing misleading reports to profit unlawfully from the resulting market impact," Chandrachud said in a report. ET has seen a copy of this report. The Vedanta group had sought his opinion after the US-based short seller has published a series of reports against the group, terming Vedanta Resources a 'parasite' company, apart from pointing out several other alleged irregularities.
