RBI's interest rate decision, Q3 earnings, global trends key drivers for markets: Analysts

BI's involvement complaint decision, quarterly net and planetary cues would beryllium the large driving factors for equity markets this week, analysts said adding that the interaction of the Union Budget could linger connected this week.

Trading enactment of overseas investors volition besides beryllium a cardinal operator for the markets, experts noted.

"US and India's manufacturing PMI for January to beryllium released connected Monday, volition beryllium the cardinal macro information to ticker retired for. Investors volition intimately survey the good prints of the Budget policies and marketplace absorption volition displacement backmost to the firm earnings/outlook and RBI's involvement complaint determination to beryllium announced connected Friday," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.

From the net calendar, Asian Paints, PC Jeweller, Tata Power, Titan, Apollo Tyres, Bharti Airtel, ITC,F, SBI, LIC, M&M and NHPC would denote their net this week.

Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said, "Will the RBI soften its stance and denote immoderate complaint chopped successful this week's recognition argumentation that would beryllium absorbing to ticker retired for?

However, investors request to ticker retired for planetary developments, arsenic immoderate uptick successful US enslaved yields and FII selling could dampen sentiment." PMI information for the manufacturing and services would besides beryllium tracked by investors.

"As we look to this week, determination are respective important events connected the horizon, including the MPC outcome, the Delhi authorities election, and developments regarding US tariffs. These events contiguous an accidental for marketplace participants to stay engaged and informed, arsenic they are apt to present immoderate volatility," Osho Krishnan, Sr Analyst, Technical & Derivatives of - Angel One, said.

Krishnan further said, "Now, the large Union Budget is down us, and it appeared arsenic a non-event but practically speaking, FIIs information was precise minimal. Hence, the existent absorption is apt to beryllium witnessed connected Monday and hence, we request to hold for a time oregon 2 to recognize whether the marketplace has truly discounted the Budget origin oregon not." Finance Minister Nirmala Sitharaman connected Saturday announced important income taxation cuts for the mediate people and unveiled a blueprint for next-generation reforms for Viksit Bharat arsenic she treaded a good enactment betwixt fiscal prudence and providing a thrust to growth.

The Budget for April 2025 to March 2026 fiscal (FY26) projected to rise overseas concern bounds successful security assemblage to 100 per cent from existent 74 per cent and continued spending spree connected infrastructure portion raising allocations for societal sectors arsenic good arsenic providing for measures for poor, youth, farmers and women.

"The Union Budget mostly played to our expectations, peculiarly with the much-needed income taxation alleviation for the mediate class, which volition thrust depletion and economical growth. No changes were made to Securities Transaction Tax oregon superior gains tax, arsenic anticipated," Pranav Haridasan, MD and CEO, Axis Securities, said.

Equity markets were unfastened connected Saturday owed to the presumption of the Union Budget.

Last week, the BSE benchmark jumped 1,315.5 points oregon 1.72 per cent, and the NSE Nifty went up by 389.95 points oregon 1.68 per cent.

Ajit Mishra – SVP, Research, Religare Broking Ltd, said, "The interaction of the Union Budget could linger successful the adjacent session, peculiarly successful the depletion sectors." Additionally, with the net play acceptable to instrumentality halfway signifier again, traders should absorption connected banal selection, Mishra added.

On Saturday, the 30-share BSE benchmark Sensex eked retired a marginal summation of 5.39 points oregon 0.01 per cent to settee astatine 77,505.96. The Nifty dipped 26.25 points oregon 0.11 per cent to settee astatine 23,482.15.