Indian Markets Anticipate Volatility Amid Earnings and Global Policy Uncertainty

On January 27, 2025, Indian stock markets are poised for a cautious opening, influenced by concerns over weak corporate earnings and uncertainties surrounding U.S. trade policies. The GIFT Nifty futures indicate a lower start for the NSE Nifty 50, below its previous close of 23,092.2. This trend follows a three-week decline in Indian benchmark indices, with foreign portfolio investors withdrawing $8.23 billion from stocks and bonds in January, marking the highest outflow since October 2024. Investors are keenly awaiting the Union Budget announcement on February 1, seeking positive market triggers. Additionally, the Federal Reserve's upcoming rate decision and commentary are under close scrutiny, especially after recent calls for lower rates. Key stocks to watch include ICICI Bank, which reported higher quarterly profits despite contracting margins, and companies like Godrej Consumer, JSW Steel, and IndiGo, which have missed or seen a drop in profit estimates. LTIMindtree has announced Venugopal Lambu as their next CEO. 

 

Source: Reuters