Business Desk

12 October 2025, 12:23 PM IST

Indian stock markets are set for a volatile week as investors weigh corporate earnings, inflation data, and global tariff concerns.

Anticipating market movements: How earnings, inflation, and US-China trade tensions affect Indian stocks

Mumbai: The coming week is set to be crucial for Indian stock markets as investors brace for a mix of major triggers, including corporate earnings, inflation data, and the global impact of US President Donald Trump’s tariff announcement.

Several leading companies are scheduled to release their second-quarter (July–September) results for FY26, including top IT firms such as Infosys, HCL Technologies, Wipro, Tech Mahindra, and LTIMindtree, alongside major banks like Axis Bank, ICICI Bank, and HDFC Bank.

The government will publish retail inflation data on October 13 and wholesale inflation figures on October 14. These indicators are closely watched as they reflect the overall health of the economy and directly influence market sentiment. In August, retail inflation stood at 2.07 per cent, while wholesale inflation was recorded at 0.52 per cent.

Meanwhile, global markets are expected to react to President Trump’s announcement of a 100 per cent tariff on Chinese imports, raising the existing rate from 30 per cent to 130 per cent, effective November 1. Investors worldwide will monitor the move closely, as it could have far-reaching implications for global trade and equity markets.

The previous week ended on a positive note for Indian equities. The Nifty rose 1.57 per cent, or 391.10 points, to close at 25,285.35, while the Sensex gained 1.59 per cent, or 1,293.65 points, to finish at 82,500.82.

Among sectors, Nifty IT was the top performer between October 6 and 10, posting a 4.89 per cent gain. Nifty PSU Bank advanced 1.48 per cent, Nifty Financial Services climbed 1.57 per cent, Nifty Pharma was up 2.12 per cent, Nifty Realty added 2.35 per cent, Nifty Private Bank gained 2.22 per cent, Nifty Services rose 2.27 per cent, and Nifty Healthcare increased 3.19 per cent.

However, Nifty Media fell 2.69 per cent, Nifty India Defence slipped 0.46 per cent, and Nifty FMCG edged down 0.37 per cent.

Midcap and small-cap indices also performed strongly, with the Nifty Midcap 100 index rising 2.08 per cent and the Nifty Smallcap 100 index gaining 1.43 per cent over the week.

IANS

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