After rising nearly 1% last week, the benchmark domestic equity indices are expected to be guided by global developments and quarterly results from IT giant TCS. Last week, the Sensex gained 781 points to end at 81,207, and the Nifty added 240 points to close at 24,894, on Friday.
Starting next week, companies will begin unveiling their financial performance for the July-September quarter. Notably, Tata Consultancy Services TCS is scheduled to announce Q2 results on October 9. Meanwhile, the IPO arena is also buzzing with excitement as the Tata Capital IPO is slated to open next week. Additionally, investors will also keep an eye on updates about the LG Electronics IPO. Around five new IPOs, four in the mainboard and one in the SME segment.
On the global front, investors remain watchful of the ongoing US government shutdown. Additionally, the US Federal Open Market Committee (FOMC) will release minutes from its September 16-17 meeting. These insights will shed light on the Fed’s stance on interest rates and monetary policy, providing critical clues for market participants worldwide.
