Corporate earnings, Covid-19 trend, global cues to drive markets this week

Markets would also track macroeconomic numbers where PMI data for the manufacturing sector is scheduled to come on Monday, while those for the services sector would come on Wednesday

Trading at the Indian bourses will be largely driven by corporate earnings announcement, Covid-19 trend and global cues this week, according to market analysts.

The government on Friday extended the nationwide lockdown till May 17.

Commenting on the move, Vinod Nair, head of research at Geojit Financial Services, said, "It is not a big surprise for the market since it was expecting phase-wise reopening of the economy which is mostly in line with the latest protocol. But, more than that, the market has realised a concern, based on the latest economic and corporate data, that the cascading effect on the