D-Street Week Ahead: Earnings, FII activity, global cues set to influence market

Domestic equity benchmark Nifty 50 managed to clock its first weekly gain of the New Year 2025 driven by gains in consumer durable, auto, energy and FMCG shares though weakness in select financial services stocks caused an initial rally to fizzle out prematurely. The 50-blue-chip index gained 191.4 points, or 0.8 per cent, for the December 30-January 3 trading week, holding barely 5 points above the psychologically important 24,000 mark. The leaner, 30-scrip barometer, the Sensex, gained 524 points, or 0.7 per cent, during the week. Investors await the onset of a new quarterly earnings season on Dalal Street now for domestic cues.      

Here's a summary of some of the top gainers and losers among NSE's sectoral gauges:

Here are a few things they can track during the next trading week, starting from January 6: 

DOMESTIC CUES

TCS Earnings

Tata Consultancy Services, the country's largest IT services exporter, is set to kick off the earnings season by reporting its financial results for the October-December period on January 9.  

Another Tata group firm, Tata Elxsi is also scheduled to report its quarterly numbers on the same day. 

Avenue Supermarts (DMart) will release its earnings report on Saturday, January 11. 

Infosys, the country's second largest IT company, is slated to report its financial results the next week, on January 16. 

Macroeconomic data

A private PMI survey capturing activity in the country's services space is due for release at 10:30 am on Monday, January 6. 

Official data on domestic industrial production is due at 4 pm on Friday.   

Institutional flows

Institutional investor flows will continue to be in focus on Dalal Street.  

Last week, foreign institutional investors (FIIs) net sold Indian shares to the tune of Rs 11,042 crore while domestic institutional investors (DIIs) made net purchases worth almost Rs 9,254 crore, according to provisional exchange data. 

From October to December, three back-to-back months of FII outflows, amounting to Rs 1.77 lakh crore, have kept the benchmark indices from retesting their all-time highs of late September, though DII inflows worth Rs 1.86 lakh crore have prevented further downside in the market.

GLOBAL CUES

Catch all the latest stock market updates here. For all other news, visit Zeebiz.com.