Ongoing earnings season, global trends and US Fed policy meeting will guide the markets this week, believe analysts. Besides, volatility could remain high in the market due to the scheduled derivatives expiry of July month contracts, they said.
The domestic markets had ended the holiday-shortened last week 0.4 per cent lower, bogged down by the concerns over economic recovery and delta variant of Covid. Although strong Q1 earnings helped cap losses.
This week too, the earnings season will be in full swing with nearly 400 companies slated to post their quarterly performance, including some of the prominent names like Axis Bank, Kotak Bank, L&T, Tata Motors, Maruti, Colgate, Tech Mahindra, BHEL, IOC, Sun Pharma and Indigo.