Q2 earnings, macro data to set market trends next week, say analysts

Quarterly earnings from IT majors Infosys, Wipro and HCL Technologies, macroeconomic data and global trends would drive sentiments in the equity market in a holiday-shortened week ahead, analysts said.

Equity markets would remain closed on Friday for ‘Dussehra’.

“Infosys, Wipro and HCL Tech will come out with their numbers this week therefore we are going to see lots of volatility in the market, especially in the IT sector, said Santosh Meena, Head of Research, Swastika Investmart.

Along with corporate earnings, the market has to deal with macro numbers. Global factors will also play an important role in the direction of the market, he added.