Stock markets are expected to be driven by quarterly earnings of information technology frontline companies, developments related to loan moratorium and global trends this week, analysts said.
News related to coronavirus cases and the U.S. presidential election would be closely tracked by investors, they said.
The Sensex advanced 3.49%, or 1,308.39 points, last week on the back of ‘Unlock 5.0’ guidelines, positive macroeconomic data and renewed hopes of U.S. stimulus measures. Domestic markets were closed on Friday on account of ‘Gandhi Jayanti’.
“Going ahead, the market’s focus will shift to earnings, especially from the IT frontline companies,” said Sanjeev Zarbade, vice president – PCG Research at Kotak Securities.
Ajit Mishra, vice president (research) at Religare Broking Ltd., said this week marks the beginning of earnings season and among the top names, Tata Consultancy Services…