Q4 earnings, macro data, global trends to drive markets in holiday-shortened week
Zee News
Stock markets will be closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti.
New Delhi: Quarterly earnings from IT majors TCS and Infosys, macroeconomic data announcements and global trends would be the major guiding factors for the equity market in a holiday-shortened week ahead, analysts said.
Stock markets will be closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday.
"This week is a holiday-shortened one but it's going to be critical as it kickstarts the earnings season with two IT majors, TCS and Infosys announcing numbers.
"Besides, on the macroeconomic front, participants will be eyeing IIP and CPI inflation data on April 12. Apart from domestic factors, global cues like updates on Russia-Ukraine and performance of global markets will remain on the radar," said Ajit Mishra, VP - Research, Religare Broking Ltd.
Markets would also focus on the trend in rupee, foreign institutional investors and Brent crude.
