 "Markets closed on account of Muharram")
Indian equity, forex, money and commodity markets are closed today on account of Muharram. Markets were shut yesterday also on account of Dussehra.
Quarterly results from blue-chips TCS and Infosys and announcement of macroeconomic data - IIP and inflation - will drive market sentiment in a holiday-shortened week, say experts.
Earnings season will commence from this week as Tata Consultancy Services is scheduled to announce its September quarter result on October 13, and Infosys will announce its results on October 14.
In the macro-economic front, monthly inflation data based on consumer price index (CPI) for September is due on Thursday and wholesale price index (WPI) on Friday.
GLOBAL MARKETS
Asian shares flirted with three-week lows on Wednesday after a dour start to Wall Street's corporate earnings season knocked U.S. stocks, while the dollar and Treasury yields rose on growing expectations of a US rate hike in December.
The British pound jumped back from lows in a volatile trading session though concerns about a "hard Brexit" are likely to keep the currency under pressure.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4% while Japan's Nikkei futures slipped 0.7%.
On Wall Street, US S&P 500 Index fell 1.2% to near one-month low, and dipped below its 100-day moving average - seen as a major support - for the first time since June.
Shares of aluminum producer Alcoa tumbled 11.4% and diagnostics test maker Illumina plummeted 24.8% following their disappointing earnings, casting a pall over the market.
With Reuters inputs
Quarterly results from blue-chips TCS and Infosys and announcement of macroeconomic data - IIP and inflation - will drive market sentiment in a holiday-shortened week, say experts.
Earnings season will commence from this week as Tata Consultancy Services is scheduled to announce its September quarter result on October 13, and Infosys will announce its results on October 14.
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"Occurrence of 'Doji' post the pullback reaffirms the immediate movement to remain capped. The momentum indicator RSI also saw a pullback during the week & now seems resuming its movement towards the oversold zone. The overall setup reveals the upside to remain capped during the truncated week at 8,830 while the lower base could be around 8,550. Momentum traders could continue their shorts with a stop at 8,830," said Sacchitanand Uttekar, Equity Technical Analyst of Motilal Oswal Securities.
In the macro-economic front, monthly inflation data based on consumer price index (CPI) for September is due on Thursday and wholesale price index (WPI) on Friday.
GLOBAL MARKETS
Asian shares flirted with three-week lows on Wednesday after a dour start to Wall Street's corporate earnings season knocked U.S. stocks, while the dollar and Treasury yields rose on growing expectations of a US rate hike in December.
The British pound jumped back from lows in a volatile trading session though concerns about a "hard Brexit" are likely to keep the currency under pressure.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4% while Japan's Nikkei futures slipped 0.7%.
On Wall Street, US S&P 500 Index fell 1.2% to near one-month low, and dipped below its 100-day moving average - seen as a major support - for the first time since June.
Shares of aluminum producer Alcoa tumbled 11.4% and diagnostics test maker Illumina plummeted 24.8% following their disappointing earnings, casting a pall over the market.
With Reuters inputs