The Indian equity market demonstrated resilience in the latest week, with Nifty gaining around 0.53 per cent to close at 24,334.30, while Sensex advanced nearly 0.75 per cent to settle at 78,151.45. According to latest exchange data, institutional investment flows remained a key monitorable during the session. Foreign institutional investors (FIIs) extended their selling streak for the fifth consecutive session on Friday, recording a provisional net outflow of ₹376.41 crore. In contrast, domestic institutional investors (DIIs) continued to support the market, remaining net buyers for the eighth straight session with provisional purchases worth ₹1,017.89 crore. Exchange data showed that DIIs bought equities worth ₹17,180.08 crore and sold shares worth ₹16,162.19 crore during the session, while FIIs purchased equities worth ₹14,393.77 crore but sold shares worth ₹14,770.18 crore, resulting in the net outflow. Analysts anticipate Nifty's bullish bias to continue in the coming week, with the strong Q1FY27 earnings season expected to remain the key driver of sectoral and stock-specific performance. However, the market is likely to open lower as trends in the Gift Nifty index signalled a negative start, with Gift Nifty trading near the 24,293 mark, down over 29 points from Friday's close.
The upcoming week will see significant quarterly earnings announcements from major Indian corporations, according to reports from PTI. Key companies reporting include One97 Communications, UltraTech Cement, Adani Energy Solutions, Bajaj Auto, Adani Green Energy, Adani Power, BPCL, Dr Reddys, Hindustan Petroleum Corporation Ltd, IndusInd Bank, JSW Energy, Nestle India, Infosys, Bank of Baroda and SBI Life Insurance Company. On Monday, Reliance Industries, HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Axis Bank are expected to be in focus after reporting their quarterly numbers over the weekend. As reported by PTI, investor focus this week will remain firmly on the evolving geopolitical situation in the Middle East as tensions between the United States and Iran continue to dominate global market sentiment. Investors' primary focus will be on the June quarter (Q1 FY27) earnings season, which gathers pace in the third week with more than 250 companies scheduled to announce their financial results. Corporate commentary on demand trends, margins, capital expenditure and future growth outlook is expected to play a key role in shaping market sentiment and stock-specific movements.
Reliance Industries Ltd, India's most valuable company, reported record quarterly core profit and EBITDA for the June quarter, powered by strong performances across its oil-to-chemicals and telecom businesses. According to PTI, HDFC Bank on Saturday reported a 5 per cent increase in standalone profit to ₹19,060 crore for the June quarter. ICICI Bank reported a 13.88 per cent jump in June quarter consolidated profit at ₹15,440 crore on the back of faster credit growth. Private lender Kotak Mahindra Bank logged a 22.55 per cent rise in consolidated net profit to ₹5,480.46 crore for the first quarter. Axis Bank recorded a 22.23 per cent jump in consolidated net profit for the June quarter at ₹7,632.31 crore. IDBI Bank posted a stable performance with net profit rising 5% year-on-year to ₹2,115 crore, while net interest income grew 10% to ₹3,486 crore. Punjab & Sind Bank delivered strong results with net profit increasing 23.2% year-on-year to ₹332 crore and net interest income rising 15.4% to ₹1,038.7 crore. Yes Bank posted June quarter results largely in line with expectations, reporting a 33.5% year-on-year jump in net profit to ₹1,070 crore, while NII grew 17.5% to ₹2,786.3 crore.
HDFC Bank reported strong operational metrics with net interest income rising 7% to ₹33,534 crore versus ₹31,438 crore, though other income declined 41% to ₹12,822 crore. The bank's net profit increased 5% to ₹19,060 crore versus ₹18,155 crore, with gross NPA improving to 1.17% from 1.15%. ICICI Bank demonstrated robust performance with net profit surging 16% to ₹14,804 crore and net interest income growing 13% to ₹24,385 crore. The bank's gross NPA improved to 1.38% from 1.40%, while net NPA remained stable at 0.35%. Axis Bank reported net profit of ₹7,114 crore, up 23% from ₹5,806 crore, with net interest income rising 8% to ₹14,646 crore. Kotak Mahindra Bank posted strong results with net profit increasing 26% to ₹4,123 crore and net interest income up 9% to ₹7,928 crore. Punjab National Bank showed exceptional growth with net profit jumping 214% to ₹5,253 crore, driven by improved asset quality with gross NPA declining to 2.78%.
According to PTI, globally, investors will continue to track developments surrounding geopolitical tensions in West Asia and their impact on crude oil prices and global risk sentiment. Global geopolitical developments are also likely to remain in focus after the United States carried out fresh strikes on Iran. The US Central Command said the operation followed an earlier Iranian attack in Jordan that killed two American military personnel, while another service member remains missing. Crude oil prices will be another key monitorable for investors, with oil prices jumping more than 4 per cent on Friday to their highest level in over a month as the intensifying conflict between the US and Iran raised concerns about possible supply disruptions in the Gulf region. Any signs of de-escalation could improve risk appetite and support financial markets, while further military escalation or disruptions to shipping through the Strait of Hormuz could trigger renewed volatility across global asset classes, said Ponmudi R, CEO - Enrich Money. Investor sentiment is likely to remain cautious as escalating geopolitical tensions in the Middle East continue to cloud the global risk environment, with market participants closely assessing the risk of a broader regional conflict and its potential impact on global energy supplies.
As reported by PTI, this week is expected to be driven by a combination of corporate earnings, domestic macroeconomic releases, and global developments. The combination of corporate earnings, domestic macroeconomic releases, and global developments is expected to drive market sentiment, according to Ajit Mishra, SVP, Research, Religare Broking Ltd. The resilience in the market came despite persistent foreign fund outflows and heightened tensions in the Middle East. The focus is expected to shift increasingly towards stock-specific opportunities as the first-quarter earnings season gathers pace, with investors tracking the evolving geopolitical situation and its impact on crude oil prices and global risk sentiment. Indian equities are expected to witness a gradual uptrend next week, on the back of a strong Q1FY27 earnings season so far, which is likely to remain the key driver of sectoral and stock-specific performance, said Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services.
