Trading in the domestic equity market this week will be influenced by quarterly results from TCS and Infosys, besides inflation and industrial production data as well as global trends, analysts said.
Movement of the rupee, which has slumped to record lows against the US dollar, will also be tracked by investors, they added.
“This week, participants will be eyeing important macroeconomic data viz IIP, CPI and WPI… Besides, the week also marks the beginning of the earnings season with IT majors like TCS, Infosys, HCL Tech and Wipro announcing their numbers along with two other heavyweights Bajaj Auto and HDFC Bank,” said Ajit Mishra, VP – Research, Religare Broking Ltd.
Performance of the US markets, FIIs’ trend, and movement in currency and crude will also remain on their radar, Mishra added.
Last week, the 30-share BSE benchmark Sensex jumped 764.37 points or 1.33 per cent. The domestic equity markets were closed on Wednesday for Dussehra.
Apurva Sheth, Head of Market Perspectiv
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