The earnings season begins this week, with the focus on the IT majors. The performance of the US market and DII activity will also be in tracked, say analysts
The March quarter is seasonally weak for Infosys. Sequential decline will be on account of lower revenues from the sale of third party software and weak discretionary spending.
Given the shortened trading week, coupled with the monthly derivatives expiry and upcoming global economic data, analyst advised investors to adopt a cautious wait-and-watch stance in the near term.