Corporate earnings major factor to watch out for; markets may face volatility this week: Analysts

 Corporate earnings major factor to watch out for; markets may face volatility this week: Analysts
NEW DELHI: The ongoing quarterly earnings will be the major factor driving market trends going ahead and benchmark indices may face volatility this week amid derivatives expiry, analysts said.
Markets will also track global equities for further direction, they added.
Santosh Meena, head (research) at Swastika Investmart, said, “If we talk about the cues for this week then the next batch of earnings season and the October month F&O (futures and options) expiry may cause volatility in the market.”
Meena added that the market will react to earnings of Reliance Industries and ICICI Bank on Monday.
Tech Mahindra, Ambuja Cement, Axis Bank, Kotak Mahindra Bank, Adani Ports, L&T, Bajaj Auto, ITC, Maruti Suzuki, DLF, Indigo and Tata Power will come out with their earnings during the weak, Meena said.
Siddhartha Khemka, head (retail research) at Motilal Oswal Financial Services, said: “On Monday, investors will react to Reliance and ICICI…

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