India's Stock Markets Eye Q1 Earnings, Ignore Global Turmoil

Indian stock markets are expected to remain resilient despite global uncertainty on Tuesday. The start of the Q1 FY27 earnings season is likely to drive sector-specific and stock-specific action, analysts believe.

The Nifty 50 closed 0.02% higher at 24,211, while the Sensex gained 0.06% to settle at 77,616 on Monday. Buying interest was sustained at lower levels, reflecting strong domestic fundamentals.

Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services Ltd, expects Indian equities to maintain a gradual uptrend. The Q1FY27 earnings season will be the key catalyst for sectoral and stock-specific action, limiting downside.

However, volatility is likely to remain elevated amid evolving geopolitical developments in West Asia and movements in Brent crude oil prices. Domestic inflation and global cues from US inflation data, Federal Reserve Chair's semi-annual testimony, and China's second-quarter GDP figures will also influence market direction.