Mumbai, July 20 -- Participants in the Indian stock markets will closely monitor ongoing tariff-related discussions, high-frequency indicators from both the US and India, two consecutive declines in foreign exchange reserves, and the earnings of companies.

According to market analysts, the first trading day of the market will be crucial, as investors will react to the first-quarter results of heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank.

"Going ahead, Monday's trading session will be crucial for the index as heavyweights like Reliance Industries, HDFC Bank, and ICICI Bank are set to announce their Q1 results over the weekend. The reaction to these earnings could provide near-term direction and either amplify the c...