Quarterly earnings from blue-chips like Infosys and RIL as well as movement of the rupee and crude oil prices will dictate the market trend in the holiday-shortened week ahead, say experts. “Currently, broader markets look attractive while investors may seek more clarity from upcoming quarterly results. The continuity of this trend largely depends on stability on bond yields and INR.
“However, worries about US Fed rate hike, US-China trade dispute and political uncertainties in India on account of upcoming state elections may impact sentiment in the short-term,” said Vinod Nair, Head of Research, Geojit Financial Services.
“Companies like Infosys, Federal Bank, ACC, Reliance are to announce their results this week,” said Prateek Jain, Director, Hem Securities. Over the last week, the BSE 30-share Sensex gained 356.59 points to close at 34,733.58 on Friday.
