MediumNeutral
Announced Sun, 19 Jul · 11:10 IST
Indian stock market: How are Sensex and Nifty 50 likely to perform next week amid global tech sell-off?
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Indian benchmarks ended the week strong, with Nifty 50 up about 0.53% at 24,334.30 and Sensex up nearly 0.75% at 78,151.45, though midcap and smallcap indices saw profit-taking. A steep sell-off in US semiconductor stocks dragged the Philadelphia SE Semiconductor Index into bear market territory, over 20% below its June record high, posing a risk to global risk appetite. The upcoming week will be driven by quarterly earnings from major private banks (Axis, HDFC, ICICI, Kotak) plus UltraTech Cement, Bajaj Auto, Dr. Reddy's, Nestlé India, Infosys, and Shriram Finance between 20-24 July, alongside monsoon progress and Middle East geopolitical developments.