Investors would additionally give attention to the motion of crude oil costs and the development within the rupee towards the US greenback. (Representative picture/Reuters)
Wholesale Price Index (WPI) inflation information for March can be launched on Monday.
WPI inflation information for March, quarterly earnings, international tendencies and international fund buying and selling exercise are main components that may drive fairness markets this week, analysts mentioned.
Investors would additionally give attention to the motion of crude oil costs and the development within the rupee towards the US greenback.
Wholesale Price Index (WPI) inflation information for March can be launched on Monday.
“Trend in international markets, home and international macroeconomic information, crude oil costs and motion of the rupee towards the greenback will dictate the development this week,” said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.
HCL Technologies, Hindustan Zinc, Tata Coffee and Tata Communications are some of the major firms that will announce their quarterly earnings this week.
“Focus will be on earnings and global markets for cues. On the earnings front, participants will first react to Infosys and HDFC Bank’s numbers in early trade on Monday,” Ajit Mishra, VP – Technical Research, Religare Broking Ltd, mentioned.
Largest non-public sector lender HDFC Bank on Saturday reported a 20.6 per cent leap in its consolidated web revenue to Rs 12,594.5 crore for the March 2023 quarter, pushed by a wholesome core efficiency.
Infosys on Thursday reported lower-than-expected development within the fourth quarter web revenue and gave a weak 4-7 per cent income development steerage for FY24 amid the tightening of IT budgets by shoppers following turmoil within the US banking sector.
In a holiday-shortened final week, the 30-share BSE Sensex climbed 598.03 factors or 0.99 per cent.
Equity markets had been closed on Friday on account of Dr. Baba Saheb Ambedkar Jayanti.
“The sentiment will proceed to be pushed by the motion of the world markets. The market might be maintaining a tally of our This autumn earnings and the commentary might be adopted carefully,” Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said.
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