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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)

Press Trust of India New Delhi

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