Results, Macro-data to Drive Equity Markets

The ongoing quarterly results season, the release of major macro-economic data and global trends are expected to set the tone for the Indian equity markets during the upcoming week. 

 

“The earnings season has turned the investor into an optimist again, after last fortnight’s volatility,” Anand James, Chief Market Strategist at Geojit BNP Paribas Financial Services, told IANS. 

 

“Q2 (second quarter) figures have already started flowing, but Infosys and TCS (Tata Consultancy Services) figures could set the tone.”

 

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The second quarter results season started on October 7. TCS is expected to be the first blue chip firm to come out with its results on October 13, followed a day later by Infosys during the truncated week. 

 

According to D.K. Aggarwal, Chairman and Managing Director, SMC Investments and Advisors, the NSE Nifty is expected to remain rage bound between 8,600-8,800 levels with an upward bias.