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Inflation data, Q1 earnings to set market trend in holiday-shortened week

Press Trust of India  |  New Delhi 

data, quarterly earnings and global cues are expected to influence the stock markets' trajectory in a holiday-shortened week ahead, say experts.

Bourses are closed on Wednesday for

"For the week ahead, CPI and WPI data will be watched," said Vinod Nair, Head of Research,

Meanwhile, industrial output recorded a five-month high growth of 7 per cent in June as production of consumer durables and capital goods picked up pace ahead of the festive season.

The data was announced post market hours on Friday.

"Markets are likely to consolidate recent gains this week," said V K Sharma, Head Private Client Group and Capital Market Strategy,

data for the month of July would be announced on Tuesday.

Tata Steel, and are among the major companies scheduled to announce their results this week.

Progress of monsoon, currency movement and would also be tracked by market participants.

On Friday, global stock and currency markets reeled after the Turkish lira plunged sharply against the US dollar, fuelling concerns about the macro stability of emerging economies.

Over the last week, the BSE Sensex recorded a rise of 313.07 points, or 0.83 per cent, to end at 37,869.23.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, August 12 2018. 10:30 IST
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