Soft Jobs Data Fuels Markets Rally Ahead of Quarterly Earnings Season

Global markets ended the week on a positive note as softer U.S. jobs data reduced fears of aggressive monetary tightening and improved expectations around the Fed’s rate trajectory. The S&P 500 and Nasdaq advanced, supported by optimism around the upcoming earnings season and resilient corporate profit expectations.

Domestically, Indian equities remained firm, aided by falling crude prices, improving global risk sentiment, and renewed strength in IT stocks. The upcoming Q1FY27 earnings season will be a key determinant of market direction. Technically, Nifty’s outlook remains constructive above 24,000, with resistance seen in the 24,400–24,600 zone.