Market Outlook: India-US Trade Deal, Q1 FY26 Earnings Key Drivers This Week

After witnessing a phase of profit booking last week, considering the broader indices currently trading at elevated levels, the market participants will closely watch for signs of earnings catch-up from upcoming Q1—starting next week—along with the outcome of the interim Indian-US trade deal before the July 9 deadline, analysts said on Sunday.

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Additionally, the OPEC+ meeting scheduled for this weekend could influence global oil prices.

"On the macroeconomic front, the broader economy stands to benefit from favorable conditions such as easing inflation and declining interest rates. A positive outcome from the US-India trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors like IT, pharma, and auto," said Vinod Nair, Head of Research, Geojit Investments Limited.

Markets ended last week on a positive note despite a largely rangebound trading environment. The Nifty closed at 25,461, up 55.7 points, while the Sensex added 193 points to end at 83,432.