Market outlook: Q3 earnings and budget expectations drive volatility
Indian indices faced heavy selling, with Nifty 50 down 2.5% to 25,048 and Sensex down 2.4% to 81,537. Key factors this week include cautious Q3 earnings from Axis Bank and ACC, and expectations from the upcoming Union Budget.
after close1 source ↓written by the desknot a recommendation
- 2.5%
- 25,048
- falling
- 2.4%
- 81,537
Indian benchmark indices faced significant selling pressure last week, with the Nifty 50 down 2.5% at 25,048 and the BSE Sensex falling 2.4% to 81,537. The downturn was attributed to disappointing Q3 earnings forecasts and global headwinds.
Key factors influencing the market this week include:
• Cautious Q3 earnings from firms like Axis Bank and ACC
• Anticipation surrounding the Union Budget, likely to increase volatility.
Traders should prepare for potential sharp swings in index movements.
Not investment advice. For informational purposes only.