The stock market is heading into a crucial week, with investors focused on the start of the June-quarter earnings season, trends in crude oil prices and global developments for fresh cues. IT major TCS will be the first to report its June-quarter results on July 9, with its earnings and management commentary expected to be closely observed. The June-quarter earnings season will begin on July 9 with IT major TCS set to announce its financial results. Investors are expected to closely watch the company’s performance as well as its management’s comments on demand, discretionary spending and opportunities in artificial intelligence.“Investors will closely monitor the quarterly results of TCS on July 9, with particular focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities,” Ajit Mishra, SVP, Research, Religare Broking Ltd, said.Apart from earnings, the progress of the southwest monsoon, kharif sowing and the trading activity of foreign investors are also likely to shape market movement during the week, analysts said.“Domestically, investor attention will centre on the commencement of the Q1 FY27 earnings season from July 9, with the initial batch of corporate earnings and management commentary expected to provide valuable insights into demand conditions, margin trends, and earnings visibility,” Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said.Additionally, the progress of the southwest monsoon and kharif sowing will remain important indicators for rural demand, inflation expectations, and overall economic growth, he noted.On the global front, investors will also keep an eye on the next round of technical talks between the US and Iran, which is expected to take place on July 11, although the venue has not yet been decided.Crude oil prices will remain another key factor after stabilising around USD 68-69 a barrel as concerns over supply disruptions through the Strait of Hormuz eased.“Crude oil prices will remain in focus after stabilising around USD 68–69 a barrel as concerns over disruptions to shipments through the Strait of Hormuz eased. Sustained stability in energy prices would be supportive for India’s inflation outlook and external balances,” Ponmudi R, CEO – Enrich Money, an online trading and wealth tech firm, said.Investors will also study the minutes of the US Federal Reserve’s June policy meeting after softer-than-expected US labour market data increased expectations that the central bank may take a less hawkish approach to interest rates.Following softer-than-expected US labour market data, which reinforced expectations of a less hawkish Federal Reserve, investors will closely scrutinise the minutes of the Fed’s June policy meeting for further insights into policymakers’ assessment of the economic outlook and the likely trajectory of interest rates, he added.Looking ahead, the market’s direction will be guided by the US Federal Open Market Committee (FOMC) minutes, the start of the domestic earnings season and the progress of the southwest monsoon, Vinod Nair, Head of Research, Geojit Investments Limited, said.Last week, the BSE benchmark Sensex rose 663.44 points, or 0.86%, while the NSE Nifty gained 214.85 points, or 0.89%.
