The direction of the local stock markets this week will be decided by the quarterly results of companies, global trends, Investment, and the activities of foreign investors. Analysts expressed the opinion that the market may witness fluctuations during the week.

Pravesh Gaur, Senior Technical Analyst, Swastika Investmart Ltd. said that everyone will be eyeing the second quarter results of the companies. Apart from this, geopolitical risk is expected to increase due to increasing tension between Israel and Iran, which may lead to a rise in crude oil prices and fluctuations can be seen in the market.

Foreign institutional investors (FIIs) have so far played a major role in the performance of the Indian market. Their stance will depend on global economic conditions and domestic political developments.'' HDFC Bank's consolidated net profit for the September quarter increased by six percent to Rs 17,825.91 crore. The bank's quarterly results came on Saturday. On a standalone basis, the net profit of the largest private sector bank increased to Rs 16,820.97 crore in the September quarter, while it was Rs 15,976.11 crore in the same period a year ago.

Religare Broking Ltd. Senior Vice President Ajit Mishra said, "In the absence of any major indicators, market participants will keep an eye on the quarterly results of companies. First of all, they will react to the results of big banks like HDFC Bank and Kotak Bank."

He said that after this, companies like ITC, Hindustan Unilever, Bharat Petroleum Corporation Ltd. (BPCL), Hindustan Petroleum Corporation Ltd. (HPCL) and UltraTech Cement will also announce their quarterly results. Apart from this, quarterly results of Bajaj Housing Finance, Adani Green Energy, Bajaj Finance, One97 Communications, Zomato, Bajaj Finserv, and Bank of Baroda will also come during the week.

Kotak Mahindra Bank's September quarter profit has increased by 13 percent. The bank announced its results on Saturday. The bank's consolidated profit in the September quarter was Rs 5,044 crore. On a standalone basis, the bank's net profit during the quarter increased by five percent to Rs 3,344 crore.

Prashant Tapase, Senior Vice President (Research), at Mehta Equities Limited, said, "Investors are being cautious due to geopolitical uncertainty, slowdown in the Chinese economy, and continuous withdrawal of FIIs from the domestic markets. Last week, the domestic market declined due to heavy withdrawal of foreign funds." Last week, the 30-share BSE Sensex fell 156.61 points or 0.19 percent. At the same time, the National Stock Exchange's Nifty fell 110.2 points or 0.44 percent.

VK Vijayakumar, chief investment strategist at Geojit Financial Services, said, "The trend of FII selling and DII (domestic institutional investors) buying is likely to continue shortly. The reason for the selling by foreign institutional investors is the high valuation in India and the cheap valuation of Chinese stocks."