Financial results, macroeconomic data and foreign fund flows will be at centrestage on Dalal Street this week, after Tata Consultancy Services (TCS) — India’s largest software services exporter — kicked off the corporate earnings season last week.
Globally, any wild moves in crude oil prices, a key inflation reading from the world’s largest economy and commentary by major central bankers will be tracked closely for clues on the pace of hikes in COVID-era interest rates and its impact on growth.
The week that was
Last week, Indian equity benchmarks surged three percent backed by gains across sectors in their best weekly performance in nearly two months. It was the third back-to-back weekly gain for both headline indices.