Budget, earnings, global trends to drive stock markets this week: Analysts

The outcome of the Union Budget, quarterly earnings from corporates and global trends are the major factors to drive stock market sentiments this week, analysts said. Besides, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude are also crucial aspects to watch out for. "The upcoming Union Budget on July 23, 2024, has become the next focal point for the market, with high expectations for growth-oriented policies. Several factors will influence the market direction, including Q1 FY25 earnings, domestic and global economic data, and broader global market trends. "Market sentiment will be closely monitored by observing foreign and domestic institutional investor activity (FII and DII) and crude oil prices," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Among blue-chip firms Bajaj Finance, Hindustan Unilever, Axis Bank, Bajaj Finserv, Larsen & Toubro, DLF, Tech Mahindra and Nestle will announce .
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