Stock markets will be guided by the ongoing quarterly earnings season and global factors, analysts said, adding that foreign fund movement would also play a crucial role in dictating the terms.
Besides, movement of the rupee and trend in international oil benchmark Brent crude will also influence trading, they added.
“Market will look for direction from Q2 earnings and global cues. This week many financial and cement companies will come out with their Q2 results. Global markets are quite volatile, which may lead to volatility in our market as well,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
In terms of global factors, macro numbers from the United States and China will be important, Meena said.
Movement of the US bond yields, dollar index and crude oil will be other global factors to watch out for, Meena added. It will be important to see institutional flows from here on.
“Earnings and global cues will dictate the trend this week. First, participants will reac
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