MCX reported 44% fall in consolidated net profit to Rs 32.66 crore in Q2 FY22 from Rs 58.55 crore in Q2 FY21.
The threat to the bulls is likely to come from the FIIs who have turned into sustained sellers.
ICICI Bank is transitioning well from being a Beta stock to an Alpha stock and this should be key to a re-rating.
ICICI Bank reported a nearly 30% rise in standalone net profit to Rs 5,510.95 crore on a 10% rise in total income to Rs 26,030 crore in Q2 FY22.
Asian stocks are trading mixed on Monday as investors look ahead to the release of quarterly earnings by HSBC.
Religare is bullish on HDFC Ltd with a price target of Rs 3,000 per share.
F&O expiry, Q2 earnings, IPOs will dictate the trend of the stock market in the forthcoming week
SEBI recently gave a go-ahead for IPOs to companies like Paytm, Nykaa, Fino Payments, Policybazaar, Adani Wilmar and Star Health & Allied Insurance
Recent outperforming high beta counters witnessed a sharp profit booking that dampened the broader markets and the rub-off effect on markets
The equity market may struggle to hold its footing next week and is likely to stay range-bound.