The Indian markets will mainly be dictated by important factors such as March quarter earnings and global cues in the next week, several analysts said in their expectations.

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They believe other triggers like foreign investors’ flow, the rupee’s movement against the dollar, and crude oil’s trend may also influence the benchmark indices in the coming week.

In absence of any major event, the focus will be on earnings and global markets for cues, Ajit Mishra, VP - Technical Research, Religare Broking said in his expectations for next week.

“On the earnings front, participants will first react to Infosys and HDFC Bank’s numbers in early trade on Monday. Among the other prominent names, Tata Comm, HCL Tech, and ICICI Bank will announce their results during the week, the analyst at Religare Broking said in his note.

Pravesh Gour, Senior Technical Analyst, Swastika Investmart was of the same view as Mishra as he said, “The market will be keeping an eye on India Inc’s Q4 earnings, and the commentary will be followed quite closely.”

He expects the positive sentiment in the Indian equity markets will continue to be driven by the movement of the world markets.

Similarly, Arvinder Singh Nanda, Senior Vice President, of Master Capital Services said that the trend in the global markets, domestic and global macroeconomic data, crude oil prices and the movement of the rupee against the dollar will also dictate the trend on the bourses in the coming week.

Besides, China's first-quarter gross domestic product (GDP) data, and industrial production data for March will be announced in the coming days, Nanda said his expectations for next week.

The markets extended a gaining streak for the third successive time this week and rose over a per cent, tracking favorable global markets and supportive local cues. The tone was positive for most of the week, however, pressure in the IT majors capped the momentum. 

Amid all, the benchmark indices, NSE Nifty50, and BSE Sensex, managed to settle around the week’s high at 17,828 and 60,431 levels respectively.

Apart from banking and financials, recovery in other sectors like auto, metal, pharma, and realty added to buoyancy. The broader indices too performed well and gained over 1.5 per cent each.