Indian Stock Market Next Week (20-24th Jan 2025): The key benchmark index Nifty slipped below the 23250 mark last Friday, potentially stalling the recent recovery and exposing it to further correction mode. The Indian stock markets are likely to trade cautiously in the coming week as all eyes will be on the swearing-in ceremony of the 47th President of the United States and a series of quarterly earnings.
The key events that are likely to impact the Indian stock market predictions are given below:
Economic Data
There is no major economic data scheduled in the upcoming week. However, on Friday investors will look forward to the HSBC PMI flash data for January 2025 and Foreign Exchange Reserve data from the Reserve Bank of India.
Q3 Earnings
Last week shares of Axis Bank, Infosys, and HCL Tech fell sharply after their Q3 earnings announcement. In the upcoming week, there are several major companies, such as Kotak Mahindra Bank, BPCL, HDFC Bank, Hindustan Unilever, and Dr. Reddy’s Laboratories, are set to release their third-quarter earnings.
These announcements are expected to influence the stock market and can see stock-specific movements. The Nifty 50 companies that are going to announce their results next week are given below:
| Q3 Earnings of Nifty50 Stocks | |
| 22nd Jan 2025 | BPCL |
| 22nd Jan 2025 | HDFC Bank |
| 22nd Jan 2025 | Hind.Unilever |
| 23rd Jan 2025 | Dr. Reddy |
| 24th Jan 2025 | JSW Steel |
| 25th Jan 2025 | ICICI Bank |
FIIs & DIIs Investment
Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) investment will also influence the market next week. FIIs were net sellers, selling approx 25K cr last week, while DIIs were the net buyers invested almost equal amount in the Indian share markets last week. The investment decisions of both institutional investors will influence the domestic markets next week. Retail investors should closely monitor the investment activity of FIIs and DIIs.
Global Stock Market Cues
The global markets play an important role in influencing the domestic equity markets. Donald Trump will be inaugurated as the 47th President of the United States on January 20, 2025, with a fireworks display planned for January 18. The US stock markets will remain closed on Monday 20th Jan 2025 on the occasion of Martin Luther King Jr. Day.
The key global economic events include Japan’s December trade data release on January 23, followed by inflation data and the Bank of Japan’s interest rate decision on January 24. Additionally, the United States will release December’s existing home sales data on January 24, 2025. The details of global stock market events that are likely to influence the Indian stock market prediction are mentioned below.
| Global Stock Market Events | ||
| Date | Global Events & Data | Countries |
| 20th Jan 2025 | Machinary Order Nov | Japan |
| Loan Prime Rate 1yr-5 yr | China | |
| Industrial Production Nov | Japan | |
| 21st Jan 2025 | Unemployment Rate Nov | GB |
| ZEW Economic Sentiments Index Jan | EA | |
| 23rd Jan 2025 | Balance of Trade Exp & Imp Dec | Japan |
| Initial Jobless Claims | US | |
| Consumer Confidence Flash Jan | EA | |
| 24th Jan 2025 | S&P PMI Flash Jan | AU |
| Inflation & Core Inflation Dec | Japan | |
| Gfk Consumer Confidence Jan | GB | |
| Jibun Bank PMI Flash Jan | Japan | |
| BoJ Interest Rate Decision | Japan | |
| HCOB PMI Flash Jan | EA | |
| S&P PMI Flash Jan | GB | |
| New Housing Price Index Dec | US | |
| Michigan Consumer Sentiments Jan | US | |
Crude Oil Price
The WTI Crude oil prices declined by 0.59% to $ 77.39 per barrel on Friday, influenced by geopolitical developments and strong U.S. retail data. Yemen’s Houthi militia announced a halt to Red Sea attacks, easing supply concerns, while a ceasefire between Israel and Hamas further reduced regional risks.
However, strong U.S. retail sales fueled expectations of cautious Fed policy, weighing on crude prices. The latest EIA report also revealed an eighth consecutive decline in U.S. crude inventories, dropping by 1.961 million barrels, surpassing the anticipated 1.6 million barrels. The ease in crude oil prices will support the Indian stock markets and vice versa.
Conclusion
The Indian stock market is likely to trade cautiously next week, influenced by third-quarter earnings from major companies, FIIs, and DIIs investment activity, and global cues, including the U.S. presidential inauguration and economic data from Japan and the U.S. Easing crude oil prices, may offer some support, but stock-specific movements will dominate market trends next week.
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You may also like to read, Indian Stock Market Weekly Update: Decline Driven by Weak Corporate Earnings
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