Mumbai, May 3: The upcoming week is crucial for the Indian stock market. Quarterly results, fluctuations in crude oil prices, and economic data will play significant roles in determining market trends.
Next week, companies such as Ambuja Cements, BHEL, Exide Industries, Petronet LNG, Tata Chemicals, Hero MotoCorp, Jammu and Kashmir Bank, L&T, M&M, Punjab National Bank, Raymond, SRF, Bajaj Auto, Polycab, Shree Cement, BSE Limited, Goa Carbon, and Bank of Baroda will announce their Q4 results for FY26.
Additionally, the Manufacturing PMI will be released on March 4, followed by the Services and Composite PMI data on May 6.
Crude oil prices will also be a key factor for the stock market next week. The ongoing Iran-U.S. conflict has led to the closure of the Hormuz Strait, keeping oil prices elevated. Currently, Brent crude is around $108 per barrel, while WTI crude is approximately $102 per barrel.
Last week, the Indian stock market closed in the red. The Sensex fell by 750.50 points or 0.97%, ending at 76,913.50, while the Nifty dropped by 175.50 points or 0.73%, closing at 23,997.55.
The indices saw declines in sectors such as Nifty PSU Bank (3.87%), Nifty IT (2.56%), Nifty Financial Services (2.25%), Nifty Private Bank (2.10%), Nifty Services (2.05%), Nifty Media (0.69%), and Nifty PSE (0.19%).
Conversely, Nifty Oil and Gas (2.46%), Nifty Energy (1.94%), Nifty Pharma (1.22%), Nifty Infra (1.08%), and Nifty Commodities (0.91%) showed strength.
In the midcap and smallcap segments, mixed trading was observed. The Nifty Midcap 100 index closed down by 167.95 points or 0.28% at 59,784.85, while the Nifty Smallcap 100 index rose by 286.40 points or 1.62%, ending at 18,007.15.
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