Q3 earnings, Fed rate decision, Budget to steer Dalal Street this week

The stock market is gearing up for an eventful week ahead,with key triggers such as quarterly earnings from corporates,the US Fed interest rate decision,and the upcoming Union Budget for 2026-27 taking center stage,analysts say.

Equity markets will be closed on Monday for Republic Day.

Moreover, trading activity of foreign investors, the rupee-dollar trend, and global trade developments will also influence market movements, experts added.

The Union Budget will be presented by Finance Minister Nirmala Sitharaman on February 1. The NSE and BSE will conduct live trading on Sunday, February 1, when the Budget is presented.

“This week is packed with important domestic and global triggers. Domestically, markets will track industrial production data, government budget-related fiscal indicators, and weekly foreign exchange reserves.

The earnings season will also gain momentum, with key results from heavyweights such as Axis Bank, L&T, Maruti Suzuki, ITC, NTPC, and Bajaj Auto,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.

Globally, focus will remain on key US macroeconomic releases and, more importantly, the US Federal Reserve’s interest rate decision, along with ongoing developments in global trade policies and central bank commentary, he added. The rupee hit a historic low of 92-a-dollar on Friday.

“FPIs not only continued their selling spree in the week ended January 23, but also increased the intensity of their selling.”