The markets are likely to focus on corporate earnings, US presidential polls, and the US Federal Open Market Committee (FOMC) meet to take cues next week.

The US presidential elections is scheduled to be held on November 5, deciding fate of Republican nominee Donald Trump and Democratic nominee Kamala Harris who are in a tight race to win the polls. Meanwhile, the markets will also be eyeing on the interest rate decision by FOMC to be announced on November 7. In the last meeting in October, the central bank had announced a 50 basis points cut in the federal funds rate.

D-street will also keep an eye on the corporate earnings as 550 companies will announce July-September quarter earnings this week including State Bank of India, Tata Motors, Titan, Power Grid Corporation, Tata Steel, and Mahindra and Mahindra.

The markets had ended on a positive note in the Diwali week ended on November 1 as the benchmark indices gained half a percent. The indices snapped a four-week losing streak and closed higher than the previous week’s low amid inflow from domestic institutions, lower oil prices, and improving India-China relations. The Sensex climbed 322 points during the week to close at 79,724, and the Nifty 50 rose 124 points to 24,304.