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TCS, Infy results, US-China talks, rupee to move markets this week: Experts

IT majors TCS and Infosys will kick-start the earnings season later this week

Press Trust of India  |  New Delhi 

Technology, stock markets

Quarterly earnings from and Infosys, movement of the and developments surrounding the US-trade talks will guide the domestic equity indices this week, say experts.

Macroeconomic data related to inflation and industrial production will also be tracked by participants, they added.

"will look forward to the US-trade talks and Q3 results season starting this week," said Vinod Nair, Head of Research,

IT majors and will kick-start the earnings season later this week.

"A key trigger for the market will be GST meet and another round of cuts in tax rates on many of the items. Not just that, we have lined up with earnings along with Infosys,

"So, all in all a lot of big names will be driving the cues for its sector and will be watched critically. Post that, manufacturing numbers, industrial production and inflation. It will be a volatile week but certainly where we may see some directional move," said Mustafa Nadeem, CEO,

The is slated to meet on January 10.

Besides, movement in the rupee, and investment trend by overseas investors would influence the trading sentiment, analysts said.

According to V K Sharma, Head PCG and Capital Group, HDFC Securities, "On the economic front, this week data to watch out for is industrial production numbers."

Global rose Friday after announced new trade talks with the US.

A delegation will visit China early this week for the first face-to-face talks since and his Chinese counterpart agreed on a temporary truce in the trade war.

Over the last week, the Sensex fell 381.62 points, or 1.05 per cent.

First Published: Sun, January 06 2019. 10:55 IST