TCS, Infosys, State Bank of India, Vodafone Idea, M&M, South Indian Bank among stocks in focus

Nifty futures plunged over 200 points to 14,659.50 on Singaporean Exchange, suggesting a gap-down opening for BSE Sensex and Nifty 50 on Monday. In the previous session, Sensex settled at 49,591 while NSE’s Nifty 50 ended at 14,834. A host of factors such as the onset of Q4 results by of IT companies with TCS, CPI and IIP numbers, rising COVID-19 cases, on-going vaccination drive, oil prices, rupee movement and other global cues will set the market direction today. Analysts believe, concerns over the fast spreading second wave of COVID-19 in India along with vaccine supply crunch will continue to keep the markets volatile.

TCS: India’s largest IT company Tata Consultancy Services (TCS) is scheduled to announce its January-March quarter earnings on Momday.