The ongoing earnings season, crude oil and rupee movement as well as political developments will dictate the trend in equity markets this week, experts said. Foreign fund flows and expiry of derivatives contracts will also be keenly tracked by investors, they added.
"The no-confidence motion (in the Lok Sabha) was a non-event and the vote was a foregone conclusion. From the market perspective, this will not have any impact. Market impacting political events are slated for end-2018 when elections in Rajasthan and Madhya Pradesh will take place. 

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"Going forward, the market direction will be influenced by Q1 results and trends in FII flows," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.  "Earnings season will pick up pace this week. Any revival in earnings growth will provide a scope for re-rating in valuation," said Vinod Nair, Head of Research, Geojit Financial Services.

Major companies set to announce their results this week include Asian Paints, BHEL, Canara Bank, HCL Infosystems, Hero MotoCorp, Dr Reddy's Laboratories, ITC, Maruti Suzuki, Tata Power, Yes Bank, HCL Technologies and ICICI Bank. "Since the Parliament session is going on some amount of political conundrum could drive market volatility. It is expected that reforms agenda will get accelerated which would be positive for the markets in general," said Jimeet Modi, Founder and CEO, SAMCO Securities.

Derivatives expiry on Thursday would also fuel volatility in the market, experts said. "We will also be seeing expiry that will further fuel volatility," said Mustafa Nadeem, CEO, Epic Research. Experts further said movement of crude oil prices and currency would be keenly watched.

Over the last week, the Sensex fell by 45.26 points or 0.12 per cent to end at 36,496.37.