The market focus will be on the ongoing Q3 FY24 earnings season, with many companies announcing their results in the coming days, such as Ashok Ley-Land, Bharti Airtel, Apollo Tyres, Nestle, Grasim, and LIC, said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.
"On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8. The Q3 quarterly results season will continue to remain in focus. Bharti Airtel, Power Grid, Nestle, Lupin and Tata Power will announce their results this week," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices, Gour said.
Investments by Foreign Institutional Investors (FIIS) and Domestic Institutional Investors (DIIS) will also be monitored, he added.
