5 factors will determine stock market movement this week:Reliance-HDFC Bank Q1 results, investors will also keep an eye on US-Iran tension

The week starting tomorrow, July 13, is going to be very important for the Indian stock market. This week, the market’s direction will be determined by 5 major factors such as the June quarter results of big companies like Reliance and HDFC Bank, rising tensions in the Middle East, and crude oil prices. Let’s understand what could happen in the market next week Support and Resistance Support Zone: 24,125 | 23,935 | 23,872 | 23,812 | 23,783 | 23,466 Support means the level where a stock or index finds support from falling further. Here, increased buying prevents the price from easily going down. This could be a buying opportunity. Resistance Zone: 24,382 | 24,450 | 24,480 | 24,535 | 24,646 | 24,685 Resistance means the level where a stock or index faces an obstacle in moving upwards. This happens due to increased selling. If the resistance zone is crossed, an uptrend is expected. Note: Support and Resistance levels are according to the Wealth View Analytics report. 5 Factors that will determine the market direction 1. Q1 Results of 143 Companies, including Reliance and HDFC Bank This week, a total of 143 companies in the country will announce their quarterly results. These include companies like Reliance Industries, HDFC Bank, ICICI Bank, Axis Bank, Wipro, and HCL Tech. Market experts will keep an eye on the results of these companies as well as the forward-looking management commentary. 2. Crude Oil Prices and Increased US-Iran Tensions Crude oil prices are once again in focus after geopolitical tensions escalated in the Middle East. Last week, Brent crude rose by 5% and WTI crude by more than 4%. The main reason for this is the US attack on Iran and Iran’s warning of retaliation. 3. FII and DII Activity Foreign Institutional Investors (FIIs) bought shares worth ₹4,670 crore last week. Domestic Institutional Investors (DIIs) also supported the market with net purchases of ₹8,280 crore. This week too, investors will keep an eye on FII and DII activity. 4. Global Market Trends The Indian markets may also see an impact from global market signals. The US market’s Nasdaq closed 0.29% stronger, and the Dow Jones 0.29% stronger on Friday. In Asian markets, South Korea’s Kospi rose 2%, and Japan’s Nikkei rose 1.4%. 5. Technical Chart: 24,550 Level is Key Resistance for Nifty According to Sudeep Shah of SBI Securities, Nifty is currently hovering around its moving averages. In the coming days, the 24,500-24,550 zone is a major resistance for Nifty, while on the downside, the 23,950-23,900 zone will act as strong support. Sensex closed 828 points higher on Friday On Friday, July 10, the Sensex closed at 77,569, up by 828 points (1.08%). The Nifty also rose by 244 points (1.02%), reaching 24,206. Bank and realty stocks saw the most buying.

Market Update – 10 July 2026 Market Indices Top Nifty Gainers Top Nifty Losers Source: BSE/NSE Disclaimer: This article is for informational purposes only. The opinions and advice given above are those of individual analysts or broking companies, and not of Bhaskar English. We advise investors to consult certified experts before making any investment decision.