Market Ahead, January 6: Top factors that could guide markets this week
Podcast
News:
Geopolitical developments in the Middle East, crude oil prices, and
December quarter results will be the major driving factors for the
Indian equity indices this week.
Global
markets were thrown into fresh turmoil on Friday after top Iranian
commander Qasem Soleimani was killed in a US drone strike in Iraq.
The risk of possible retaliation from Iran is expected to keep the
crude prices and the Rupee's level volatile which will have a direct
bearing on the equity markets.
The
earnings season kicks off this week with Infosys announcing its
December quarter numbers on Friday and Avenue Supermarts on Saturday.
On
the macroeconomic front, PMI data for the services sector for
December will be released today and industrial production data for
November will be announced on Friday.
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