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Additionally, investors will closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows.

The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36.

The Indian market’s journey from its humble beginning in 1986 has been nothing short of spectacular. It took over two decades for the Sensex to reach the 10,000 mark in 2006 and just another year to double in 2007. The S&P BSE Sensex surpassed 20K in December 2007.

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The second quarter earnings season is underway and as many as 145 companies will declare their results this week. Some of the marquee names include Axis Bank, Bajaj Auto, Reliance Industries, Tech Mahindra, Infosys, Nestle, HCL Tech among others.

Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September.

India’s third largest IT company by way of market capitalisation, HCL Technologies is expected to report revenue growth at 7.1%-9.2% on a year-on-year basis for the quarter ended September 30, 2024. Estimates by five brokerages peg revenue figures between Rs 26,672 crore and Rs 28,710 crore in Q2FY25.

Mukesh Ambani-led Reliance Industries (RIL) is likely to report muted earnings for the second quarter, hurt by weakness in the O2C (oil-to-chemicals) segment. The company will declare its results on October 14.