Week ahead: Q2 earnings, PMI data and US jobs report in focus
Mumbai, Oct. 30 -- Domestic equity market will track the September-quarter earnings season, key economic data releases and global developments next week. Corporate earnings will remain a major market driver, with several prominent companies across sectors scheduled to announce their September-quarter results. Investors will focus on revenue growth, profit margins, demand trends and management commentary to assess whether earnings can support the recent market recovery.
The near-term outlook remains cautious, although technical indicators suggest that a decisive breakout of 23,200 could push Nifty towards 23,500-23,600 levels. A sustained uptrend, however, will require stronger buying interest and a decisive move above key resistance leve...
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