Inauguration of Trump, Q3 results to weigh on stock markets

Donald Trump (File photo)

NEW DELHI: Corporate earnings from blue chips like HDFC Bank, ICICI Bank, Donald Trump’s swearing-in as the US President, and trading activity of foreign investors are the key factors to drive equity markets this week, analysts said.
Trump will be sworn in as the US president for a second term on Monday. This week, several key Nifty companies, including BPCL, HDFC Bank, Hindustan Unilever, Dr Reddy’s, UltraTech Cement, JSW Steel and ICICI Bank are scheduled to announce their financial results. Adding to the market’s complexity is the ongoing battle between foreign and domestic institutional investors. “Investors are expected to shift their attention to the upcoming Budget,” Pravesh Gour of Swastika Investmart said.