FIIs’ trading activity, Q3 earnings of blue-chips to drive markets this week

New Delhi: Corporate earnings from blue-chips like HDFC Bank, ICICI Bank, Donald Trump’s swearing-in as the US President and trading activity of foreign investors are the key factors to drive equity markets this week, analysts said.

This week, several key Nifty-50 companies, including BPCL, HDFC Bank, Hindustan Unilever, Dr Reddy’s, UltraTech Cement, JSW Steel and ICICI Bank are scheduled to announce their third quarter financial results.

Adding to the market’s complexity is the ongoing battle between Foreign Institutional Investors and Domestic Institutional Investors.

On the global front, all eyes are on Donald Trump as he prepares to be formally inaugurated as the 47th US President on January 20.

Movement of global oil benchmark Brent crude and the rupee-dollar trend would also influence trading in the markets, experts said.