Global signals, Covid-19 cases, and the quarterly results of a large company like TCS will determine the direction of the stock market this week. Analysts have said this. According to him, the impact of rupee move and crude oil prices in the business week starting from Monday will also affect the investor perception. Ajit Mishra, Vice President (Research), Religare Broking, said, "Market participants will also be looking at broad indicators like IIP data. The progress of monsoon and events related to Covid-19 will also be watched.
The figures related to industrial production are going to come after the end of the trading session on Friday. Siddharth Khemka, Head of Retail Research, Motilal Oswal Financial Services, said, "From this week, the first quarter results of companies will also start coming. TCS first-quarter results are due on July 9. Everyone's eyes are on this.
On Friday, the domestic stock market closed for the third day with a three-day high. The Sensex saw a gain of 850.15 points or 2.415 in the previous week. Khemka said, "Indian stock markets closed last week with huge gains after reports of better-than-expected economic data in various countries around the world and possible vaccine for Covid-19."
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