Home / Markets / News / Global cues, Covid-19 trend to guide stock markets this week: Analysts

Global cues, Covid-19 trend to guide stock markets this week: Analysts

On the macroeconomic front, WPI inflation data is scheduled to be announced on Monday

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During the last week, the BSE Sensex declined 506.35 points or 1.47 per cent ((Photo credit: Kamlesh Pednekar)

2 min read Last Updated : Jun 14 2020 | 1:22 PM IST

Stock markets this week will be guided by global cues, domestic trend of coronavirus cases and quarterly earnings, analysts said.

Participants can also expect bouts of volatility amid stock-specific action, they added.

On the macroeconomic front, WPI inflation data is scheduled to be announced on Monday.

"Going ahead, we expect the markets to remain volatile and in a consolidation mode for sometime, as it would be driven by global cues, development around coronavirus cases and vaccines.

"Even valuations look a little stretched, thus markets may take a pause till some clarity emerges over whether the economy is on the recovery mode or not," said

Topics : Coronavirus global stock market Indian stock markets WPI inflation Volatile market

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