Overview
- Analysts flag a tight trading range as markets react to a packed December‑quarter reporting calendar across large and mid caps.
- Early tone comes from heavyweight results: Reliance Industries’ consolidated profit was nearly flat at Rs 18,645 crore, HDFC Bank rose 12.17% to Rs 19,807 crore, and ICICI Bank slipped 2.68% to Rs 12,537.98 crore.
- Key results due include BHEL, LTIMindtree, PNB, AU Small Finance Bank, Bank of India, InterGlobe Aviation, DLF, BPCL, Adani Energy Solutions, and Adani Green Energy.
- Traders track US indicators such as GDP, jobless claims, and PMI, alongside foreign fund flows and currency moves that can sway risk appetite.
- Policy watch adds potential catalysts, with the commerce minister signaling a likely Jan 27 announcement on the India–EU FTA while pre‑Budget positioning keeps banks, infrastructure, energy, and consumption stocks in focus.