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Key Drivers to Watch This Week Investors in Indian equity markets are gearing up for a critical trading week shaped by a confluence of macroeconomic data, corporate earnings, and global trade policy shifts. The immediate focus will be on the first-quarter earnings of market heavyweights, ongoing India-US tariff discussions , declining foreign exchange reserves , and key economic indicators from both the US and India. Q1 Earnings: All Eyes on Reliance, HDFC Bank, ICICI Bank The spotlight remains on the upcoming earnings of three major companies— Reliance Industries, HDFC Bank , and ICICI Bank —whose quarterly results are expected to drive market sentiment. Analysts believe that the market's direction for the week could hinge on how these earnings play out. "The reaction to these earnings could provide near-term direction and either amplify the current trend or spark a reversal," said Sudeep Shah , Head of Technical and Derivative Research at SBI Securities . Th...

India's Forex Reserves Reach Record High of USD 675 Billion India's foreign exchange reserves have surged to a record high of USD 675 billion, with a notable increase of over USD 50 billion in 2024 alone. The latest figures, released for the week ending August 2, show a rise of USD 7.533 billion, pushing the reserves to a new peak of USD 674.919 billion, surpassing the previous record of USD 670.857 billion.  What Are Foreign Exchange Reserves? Foreign exchange reserves (forex reserves) are assets held by a nation's central bank or monetary authority. They are typically held in reserve currencies such as the US Dollar, Euro, Japanese Yen, and Pound Sterling. These reserves are used to manage the exchange rate and ensure economic stability. Importance for Developing Economies For a developing nation like India, forex reserves play a crucial role in maintaining economic stability. Key functions include: - Buffer Against External Shocks: Adequate reserves help cushion the eco...