Movement in crude oil prices, global trends, and quarterly earnings will drive the Indian equity markets this coming week, analysts told PTI. The Israel-Hamas war will prompt investors to keenly eye the Middle-East for trading activity among foreign investors, as per the report. Close monitoringPravesh Gour, Senior Technical Analyst at Swastika Investmart noted that the global markets are “currently fragile due to heightened attention on the rising US bond yield, global economic uncertainty, and also the geopolitical situation". “We expect earnings season to pick up pace in a truncated week which would direct the market trend along with global cues. Asian Paints, BPCL, Canara Bank, PNB, and Reliance Industries will also announce their quarterly earnings during the week.

Source: Mint October 22, 2023 11:26 UTC