The market rebounded smartly and clocked half a percent gains amid consolidation for the week ended October 13. Positive expectations for September quarter earnings, a fall in CPI inflation, and healthy industrial production managed to offset the concerns raised by higher-than-expected US inflation, geopolitical tensions and IT companies' subdued revenue guidance.

Going ahead, the market may remain broadly rangebound with a positive bias amid healthy corporate earnings expectations and economic data, while keeping a focus on Fed Chair speech, Israel-Hamas conflict, China's GDP numbers and oil prices, experts said, adding the stock-specific action will be seen due to results season.

The Nifty50 climbed nearly 100 points to 19,751, and the BSE Sensex rose 287 points to 66,283, while the Nifty Midcap 100 and Smallcap 100 indices also gained around half a percent each.

Most of sectors, barring technology and PSU banks, closed in green with Realty and Auto being the biggest gainers with 4 percent and 3 percent rally respectively.

"We expect markets to remain in a broad range with positive bias on the back of strong economic data along with expected healthy corporate earnings," Siddhartha Khemka, head - retail research at Motilal Oswal Financial Services said.

Going ahead, the market participants would closely monitor the further Q2 earnings season which has high expectations like sectors auto, finance and oil & gas, Vinod Nair, head of research at Geojit Financial Services said.

The corporate earnings season will be in full swing in the coming week as companies with 40 percent weightage in the Nifty50 will release their quarterly scorecard including HDFC Bank, Bajaj Finance, Bajaj Auto, IndusInd Bank, Wipro, Hindustan Unilever, ITC, Nestle India, LTIMindtree, UltraTech Cement, JSW Steel, ICICI Bank, and Kotak Mahindra Bank.

In addition, Jio Financial Services, Bandhan Bank, Federal Bank, IDBI Bank, RBL Bank, Yes Bank, Paytm, CEAT, Cyient DLM, ICICI Securities, Yatra Online, Happiest Minds, ICICI Prudential Life Insurance, ICICI Lombard General Insurance, L&T Technology, Syngene International, Tata Elxsi, Persistent Systems, Zee Entertainment Enterprises, Coforge, PVR Inox, Voltas, CSB Bank, JSW Energy, and L&T Finance Holdings will also come out with September quarter results next week.

Apart from corporate earnings, the market participants will also keep an eye on the Israel-Hamas war that started on October 7. After a severe attack by Hamas militants on October 7 killing more than 1,000 Israelis and foreigners including Americans during the Jewish holiday, Israel on October 8 declared war on Hamas by launching thousands of airstrikes in Gaza and on the following day, Yoav Gallant, the defence minister of Israel issued an order announcing the complete siege of Gaza.

The war seems to be escalating as before preparing for a severe assault, Israeli military issued a warning asking more than 1 million residents in northern Gaza to shift to south Gaza. The death toll on both sides crossed 3,500.

The Israel-Hamas conflict is one of the key reasons behind the spike in oil prices in the passing week as the war raised concerns that the escalation may impact the oil production in the Middle East (which accounted for around one-third of global seaborne trade) and hit supplies, though the physical oil supply has not affected yet.

In addition, the news of the US tightening its sanctions programme against Russian crude exports due to the violation of the G-7 oil price cap also fuelled the rally in oil prices. Experts expect the volatility in oil prices to continue amid geopolitical tensions and so far do not expect direct involvement of other nations of Middle East (especially Iran) in the war.

Brent crude futures, the international benchmark for oil prices, rallied 7.5 percent to $90.89 a barrel during the week, technically forming a Bullish Harami kind of pattern on the weekly scale, which is a bullish reversal pattern. Hence, the market participants will keep a close eye on the rally if any, as any spike in prices is a major worry for oil importers like India.

Further, the speech by several Fed officials next week including Fed Chair Jerome Powell's remarks on October 19 will also be an important factor to focus on, as they are still in favour of one more rate hike by the end of 2023, indicating higher rates for a longer time to fight inflation. Meanwhile, the US consumer inflation in September came in higher than expected at 3.7 percent, keeping the US bond yields elevated.

The 10-year US bond yields settled at 4.63 percent, down from 4.8 percent on a week-on-week basis, but higher from 4.26 percent on a month-on-month basis. the US dollar index closed at 106.67 on Friday, up from 106.04 week-on-week.

Meanwhile, the elevated US bond yields continued to impact the FII flow as they remained net sellers in India for the third consecutive month. Experts feel the selling may reduce in the coming days but in case the oil prices surge due to the Israel-Hamas war, then further selling can't be ruled out.

FIIs net sold Rs 2,200 crore worth of shares in the cash segment last week, taking the total current month outflow to Rs 10,600 crore, though DIIs managed to offset to a large extent by buying nearly Rs 8,400 crore worth shares during the month.

"If the Israel-Hamas conflicts widens and crude shoots up, FIIs might continue to sell. The level of uncertainty is high," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

On the global economic data front, the market participants will look for the China's GDP numbers for Q3-2023, which experts feel to decline from 6.3 percent in previous quarter. Retail sales by China, US and UK; inflation data by Europe & Japan; and US industrial production, for September, will also be watched by the participants, to gauge the health of respective economies.

In the domestic economic data, India's wholesale inflation numbers for September will be released on October 16, which economists feel may jump to 0.7 percent for the month against (-0.52) percent in August.

Further, bank loan and deposit growth for fortnight ended October 6, and foreign exchange reserves for week ended October 13, will be released on October 20.

Technically, the Nifty50 has formed a bullish candlestick pattern with a prominent upper shadow on the weekly scale, after the Hammer pattern in the previous week, giving a confirmation of a possible upward rally, while on the daily charts, the index recovered smartly from day's low and closed in red but above 20-day as well as 50-day EMA (exponential moving average). The momentum indicator, RSI (relative strength index) stayed above 60 mark on the weekly charts, indicating positive bias.

Hence, if the index sustains above the 20-day EMA (19,690) and gets support from leading sectors (banks, and IT), then 19,850, the upper resistance of last week, can be cleared in the coming week, with immediate support at 19,500 and crucial support at 19,300, but till then it may remain in the range of 19,300-19,850 levels. experts said.

"Buy the dip is likely to remain in focus as prices manage to trade above the key psychological mark of 19,500. If it manages to close above 19,900 then we can expect a new high. Conversely, a decisive fall below 19,300 will be seen as a short-term trend reversal which can lead Nifty towards 19,000-18,800," Arvinder Singh Nanda, Senior Vice President at Master Capital Services said.

The Options data also indicated that 19,500 can be the support area in the coming days with resistance at 19,800-19,900 levels, but between 19,700 is expected to be crucial for a move towards either side of support-resistance levels.

As per the weekly Options data, the maximum Call open interest was seen at 19,800 strike, followed by 19,900 & 20,000 strike, with Call writing at 19,700 strike, then 19,900 & 19,800 strikes, while the maximum Put open interest was at 19,700 strike, followed by 19,000 & 19,600 strikes, with Put writing at 19,700 strike, then 19,600 & 19,500 strikes.

The fear index, India VIX increased by 3 percent to 10.62 levels, compared to last week, but the weekly range narrowed down further, while it has formed Doji candlestick pattern on Friday after consistent downtrend in previous three days, indicating the possibility of increase in volatility in coming sessions with hurdle at 12-13 levels on the higher side.

In the primary market next week, Gujarat-based gas distribution company IRM Energy will open its Rs 545-crore IPO on October 18 and close on October 20, with a price band of Rs 480-505 per share.

In the SME segment, online retail platform WomanCart will launch its Rs 9.56 crore at a price of Rs 86 per share during October 16-18, followed by Rajgor Castor Derivatives which will open its Rs 48-crore public issue on October 17, with a price band of Rs 47-50 per share. The offer will close on October 20.

Arvind and Company Shipping Agencies will close its IPO on October 16, which so far have been subscribed 36.72 times.

Committed Cargo Care will make its debut on the NSE Emerge on October 18, as per IPO schedule.

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Earnings reports: Importance and impact on investor sentiment

How to analyze earnings: Key metrics to consider

Companies to watch: High-impact earnings announcements in recent times

Earnings season: Strategies for navigating volatility during this period

The Israel-Hamas conflict: Overview and historical context

Impact on global markets: How geopolitical events influence investor sentiment

Dalal Street reactions: Examples of previous market responses

Risk management strategies: How investors can prepare for potential volatility

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The Impact of Earnings, Israel-Hamas Conflict, China GDP, and Oil on Dalal Street: Crucial Influencers You Need to Know

Introduction: Understanding the Significance of Earnings and Global Economic Factors on Dalal Street

The Israel-Hamas Conflict and its Effects on Dalal Street

China's GDP Growth and its Implications for Indian Stock Market

The Role of Oil Prices in Shaping the Direction of Dalal Street

Navigating the Volatility: Strategies for Investors Dealing with these Influencers

Conclusion: Staying Informed and Capitalizing on Crucial Influencers to Make Informed Investment Decisions

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Earnings, Israel-Hamas Conflict, China GDP, Oil: Crucial Dalal Street Influencers

Introduction: Understanding the Impact of Key Factors on Dalal Street

The Role of Earnings Reports in Driving Stock Market Trends

The Israel-Hamas Conflict and Its Effects on Global Financial Markets

The Significance of China's GDP as a Market Influencer

The Link Between Oil Prices and Stock Market Performance

Conclusion: Staying Informed about Crucial Influencers for Successful Investing in Dalal Street