# Indian Stocks Face Q2 Earnings, Inflation Data, and High Oil Prices Following IT-Led Recovery

- URL: https://stocks.freetheai.org/news/indian-stocks-face-q2-earnings-inflation-data-and-high-oil-prices-following-it-746af7
- Published: 2026-10-11T09:33:14Z
- Category: markets; sentiment: bullish; impact: medium
- Symbols: [NSE:TCS](https://stocks.freetheai.org/symbols/NSE-TCS)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
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Indian equity markets snapped an eight-week losing streak last week as strong quarterly results from Tata Consultancy Services Limited (NSE:TCS) sparked a rally in technology shares. The BSE Sensex gained 562.63 points or 0.78 percent, while the NSE Nifty 50 advanced 98.5 points or 0.43 percent. TCS rose nearly 4 percent after delivering higher-than-expected September quarter earnings, helping offset concerns regarding a US suspension of foreign worker green card applications.

The recovery in technology stocks provided much-needed support to benchmark indices, but overall investor sentiment remains cautious. Elevated energy prices pose a continuing macroeconomic risk, with Brent crude trading above $100 per barrel amid ongoing geopolitical tensions in the Middle East and around the Strait of Hormuz. In addition, persistent selling by foreign institutional investors and rising US Treasury yields continue to pressure equities.

Market attention this week turns to the broader second-quarter earnings season and key economic indicators. Major IT firms including HCL Technologies, Wipro, and Tech Mahindra are scheduled to report their financial results, alongside companies such as Nestle and Canara Bank. Domestically, investors will monitor September Consumer Price Index and Wholesale Price Inflation readings to gauge domestic interest rate trajectory, alongside US inflation and retail sales data.

## Key points

- The BSE Sensex rose 0.78 percent and the NSE Nifty climbed 0.43 percent last week, breaking an eight-week losing streak.
- Tata Consultancy Services Limited (NSE:TCS) surged nearly 4 percent after reporting stronger-than-expected second-quarter financial results.
- Crude oil prices remaining above $100 per barrel and continued foreign investor selling present ongoing risks for equity markets.
- Upcoming domestic catalysts include September CPI and WPI inflation figures alongside Q2 earnings from HCL Technologies and Wipro.

## Questions and answers

### Why did Indian stock markets rise last week?

Indian benchmark indices rose last week as strong second-quarter earnings from Tata Consultancy Services sparked a rebound in technology shares, snapping an eight-week decline.

### What key economic data will drive Indian markets this week?

Markets will track September domestic CPI and WPI inflation figures, alongside US inflation, US retail sales data, UK GDP, and European inflation readings.

### Which major Indian companies are reporting earnings this week?

Key companies reporting quarterly earnings include HCL Technologies, Wipro, Tech Mahindra, BHEL, Canara Bank, HDFC Asset Management Company, and Nestle.