Business · Markets · 20 hrs ago

Indian stocks face earnings, inflation and oil price tests this week

Indian stocks face earnings, inflation and oil price tests this week

Indian stock markets are expected to be shaped this week by company earnings, inflation figures and global events.

In India, investors will watch September consumer and wholesale inflation data for signs of price pressure.

Results from IT companies including Wipro, HCL Technologies and Tech Mahindra are also due, alongside results from several other companies.

The focus on IT follows a market rebound on Friday after TCS reported better-than-expected quarterly results.

Brent crude remains above $100 a barrel, raising concerns about energy costs and possible supply disruptions.

Investors will also track foreign trading, the rupee and US economic data, which can affect Treasury yields and the dollar.

After eight straight weeks of declines, the Nifty rose 0.4% last week, but analysts expect markets to remain selective as these risks and the earnings season unfold.

Sources

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