Markets to take cues from quarterly earnings of TCS, Infosys; global trends this week- Analysts
时间:2024-06-26 10:11:56 阅读(143)
Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with global trends, analysts said.
Besides, global oil benchmark Brent crude, rupee-dollar trend and trading activity of foreign investors would also dictate the movement, they said.
“Investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also be monitored,” said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd.
Infosys and Tata Consultancy Services (TCS) will announce their earnings on Thursday while the quarterly results of HCL Technologies and Wipro will be out on Friday.
Sunny Agrawal, Head of Fundamental Equity Research, SBI Securities Ltd, said, the third quarter result season which will kick start from the second week of January is the immediate major factor to watch out for.
From the macroeconomic front, inflation data for December and industrial production for November are scheduled to be announced post-market hours on Friday.
“The market will react to the domestic and global macroeconomic data, global bond yields, crude oil inventories, movement of the dollar index, FII and DII investment activities,” Arvinder Singh Nanda, Senior Vice-President of Master Capital Services Ltd, said.
The US inflation data, initial jobless claims, China inflation data and the UK GDP will also be watched, Nanda added.
Last week, the BSE benchmark declined 214.11 points or 0.29 per cent, and the Nifty dipped 20.6 points or 0.09 per cent.
“We expect the markets to take cues from the upcoming earnings season which will be kick-started by TCS and Infosys on 11th January. HCL Tech, Wipro, and HDFC Life are a few others that will announce their results this week,” Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd, said.
猜你喜欢
- Assembly Elections 2023 - BJP supporters go on celebration spree as party leads in MP, Rajasthan and Chhattisgarh; Congress celebrates in Telangana – See Photos
- Asian stock market mixed, US equity future up as traders brace for Fed’s 50 bps rate hike; bonds fall
- Video appears to show the Israeli army shot 3 Palestinians, killing 1, without provocation
- Vibrating pills for weight loss- Read on to know more about this drug
- InCred Finance valued at $1
- Where is share market headed after Nifty ends above 18810, Bank Nifty above 43760; check support, resistance
- IIT-BHU sexual assault case- Accused molested other students, regularly visited campus
- Asus ROG Phone 5s first look- Design, specs, features, and all you need to know
- Avesh Khan replaces Mohammad Shami for second test against South Africa