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Inflation, IIP data, Q1 earnings of blue-chip to be market movers

Stock markets may react to US jobs data that came in on Friday

Press Trust of India  |  New Delhi 

Consumer stocks' valuation at new high

Trading sentiment in the stock market will be driven by announcement of key macroeconomic data such as and industrial production as also quarterly from blue-chips TCS and Infosys.

"After a smooth rollout of GST, market is expected to look forward to Q1 FY18 earnings, IIP, CPI, and data," said Vinod Nair, Head of Research, Geojit Financial Services.

TCS is scheduled to announce its quarterly on July 13 and Infosys July 14.

"Results from early birds will start coming in this week. The week is also full of fresh economic data points," said V K Sharma, Head, Private Client Group at HDFC Securities.

Industrial production data for May is due on Wednesday. On the same day, based on for June is scheduled to be announced. Wholesale price index (WPI) for June is due on Friday.

"Going ahead, market is likely to dance to the tune of several macroeconomic events like and industrial production, which are due this week," said Abnish Kumar Sudhanshu, Director and Research Head, Amrapali Aadya Trading and Investments.

Stock may on Monday react to US jobs data that came in on Friday.

During the past week, the Sensex registered a rise of 439.02 points, or 1.41 per cent, while the Nifty added 144.90 points, or 1.52 per cent.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, July 09 2017. 16:45 IST