Daijiworld Media Network – Mumbai

Mumbai, Jul 13: In what promises to be a crucial week for Dalal Street, investors will closely track first-quarter earnings of blue-chip companies, inflation data, and developments in India-US trade negotiations, analysts said on Sunday.

With a packed earnings calendar that includes results from major firms like HCL Tech, Wipro, Tech Mahindra, Axis Bank, and JSW Steel, the markets are expected to witness stock-specific volatility.

“While global cues will continue to dictate trends in domestic equities, investor focus will remain on India’s ongoing trade negotiations with the US. Sentiments are still caught in a dilemma with no clarity on the trade deal timeline,” said SimranJeet Singh Bhatia, Senior Equity Research Analyst at Almondz Global.

The previous week ended in the red, with the BSE Sensex falling 932 points (1.11%) and the NSE Nifty losing 311 points (1.22%), largely due to global tariff uncertainties and a sluggish start to the earnings season.

Ajit Mishra, SVP – Research at Religare Broking, said the upcoming release of key inflation indicators – the Consumer Price Index (CPI) and Wholesale Price Index (WPI) – on July 14 will be vital in shaping market direction. “Besides earnings, trends in FII flows and crude oil prices will also be crucial,” he added.

Globally, all eyes will be on US inflation data and China’s GDP figures, while renewed tariff threats from US President Donald Trump on Canada and other partners have added to market nervousness.

“Markets are likely to remain in a consolidation phase amid lingering global trade tensions,” said Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services. “Investors will be watching both macroeconomic indicators and micro-level earnings performances for directional cues.”

With key announcements expected on both economic and corporate fronts, the week ahead is likely to be marked by heightened volatility.