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Monday, December 23, 2024 | 03:59 PM ISTEN Hindi

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Earnings, macro data, global cues to dictate market trend, say analysts

Retail inflation data will be announced on Monday, followed by WPI inflation numbers on Tuesday

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The Bombay Stock Exchange (BSE) building in Mumbai. (Photo: Bloomberg/ Dhiraj Singh)

Press Trust of India New Delhi
Trading sentiment in the equity markets this week will be largely guided by quarterly earnings from major companies like Wipro and Infosys as well as macroeconomic data announcements, analysts said.

Management commentary from companies would be keenly watched for insights into how the Covid-19 pandemic has affected various sectors, they added.

"This week, participants will first react to the macroeconomic data and then focus would again shift to earnings announcements. Needless to say, global cues and updates related to Covid-19 will also remain on their radar," said Ajit Mishra, VP - Research, Religare Broking Ltd.

Retail inflation data will be

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