Stock Market Cues This Week: Q3 Earnings Season, PMI Data, Venezuela Explosions Among Other Things To Watch

Domestic equities began the past week on a weak note, with benchmark indices falling for two consecutive sessions at the start. However, the latter half of the week saw a sharp recovery, interrupted by a brief one-day pause over the remaining three sessions. On the final trading day of the week, January 2, 2026, the Nifty 50 scaled a new all-time high and also ended at a record closing level.

During the week, the Sensex gained 720 points or 0.85 per cent to close at 85,762.01, while the Nifty 50 advanced 286.25 points, or 1.10 per cent to settle at its record closing high at 26,328.55.

The coming week, from January 5-9, will be shaped by important data and corporate earnings, which investors and analysts will be monitoring closely.

Stock Market Cues To Watch This Week

The following are the market cues investors and analysts will likely be closely tracking to gauge D-Street's sentiment over the week:

Q3 Earnings Season Begins

Companies will start reporting their earnings for the October-December 2025 quarter (Q3 FY 26) from January 5, 2026 onwards. Some major companies that will report their Q3 earnings include the Tata Group-owned telecom equipment manufacturer Tejas Networks and alcoholic beverage company Globus Spirits. Both these companies will report their results on January 9.

Apart from corporate results, a few including financial services and banks, such as Punjab National Bank, Mahindra Financial Services, Jammu & Kashmir Bank, CSB Bank also reported their Q3 business updates post market closing hours.

RBI Loan, Deposit Growth Data

Investors will keep an eye on the Reserve Bank of India’s (RBI) data on bank loans and deposits growth for the fortnight ended December 26, 2025, which is expected later this week. The numbers will offer cues on credit demand and liquidity conditions amid persistent foreign fund outflows.

Key US Economic Data: PMI, Employment Data Among Others

The US is set to release several important data points over the week that will be helpful in gauging the health of the world's largest economy and the Federal Reserve's interest rate outlook.

The Institute of Supply Management (ISM) will release manufacturing Purchasing Managers' Index (PMI) data for December 2025 on January 5, and non-manufacturing PMI data on January 7. The S&P Global will publish composite PMI and services PMI data on January 6.

Payroll processor ADP will release non-farm employment data and non-farm payrolls for December 2025 on January 7 and January 9, respectively. 

The Bureau of Labour Statistics will report initial jobless claims on January 8.

India PMI Data December 2025

The S&P Global will release India's services PMI and composite PMI data for December 2025 on January 6, which will provide signals on overall economic momentum.

Manufacturing PMI data released earlier on January 2, showed activity cooling, with the index slipping to 55 in December from 56.60 in November, the weakest expansion in two years. The slowdown reflected softer growth in output and sales, easing export order momentum, and a dip in business optimism to its lowest level since October 2022.

Venezuela Explosions

The stand-off between the US and Venezuela over oil tankers too will be a key development to track for its impact on crude oil prices. In the latest development, media reports said multiple explosions were heard across Venezuela’s capital, Caracas, on the morning of January 3, 2026. As of the time of writing, it was unclear who carried out the explosions.  

Other Important Cues

Apart from the above key economic data releases, further updates on the ongoing Russia-Ukraine conflict and US President Donald Trump’s attempt for a peace deal between the two will be closely watched. 

India and the US are close to a trade deal, hence, any positive update or a lack thereof, will also be crucial to track. Further, the movement in rupee against the dollar, especially amid persistent foreign fund outflows and global risk cues, will also be on radar.