Four Sets of Numbers That Will Drive Markets this Week

  • Stock Market News
Four Sets of Numbers That Will Drive Markets this Week
Credit: © Reuters.

By Aditya Raghunath -- 

  1. India earnings season starts: This week sees the start of India Inc reporting numbers for the March quarter and the full year of FY21. IT giants take center stage this week with Tata Consultancy Services Ltd. (NS: TCS ) reporting numbers on April 12, Infosys Ltd (NS: INFY ) on April 14 and Wipro Ltd (NS: WIPR ) on April 15 followed by MindTree Ltd (NS: MINT ) on April 16. It’s then the turn of India’s largest private sector bank HDFC Bank Ltd (NS: HDBK ) to report its numbers on Saturday, April 17.
  2. US earnings season starts: Earnings season for Q1 2021 starts off in the US this week. Major banks JPMorgan Chase & Co (NYSE: JPM ), Goldman Sachs Group Inc (NYSE: GS ) and Wells Fargo & Company (NYSE: WFC ) will release their numbers on Wednesday followed by Bank of America Corp (NYSE: BAC ), Citigroup Inc (NYSE: C ) and BlackRock Inc (NYSE: BLK ) on Thursday, and Morgan Stanley (NYSE: MS ) on Friday. Analysts expect corporate America to report solid numbers.
  3. Miscellaneous data: Apart from earnings in India and US, the US will also release data for CPI (Consumer Price Inflation) on Tuesday and its retail numbers for March on Thursday. These numbers will give an idea of the consumer sentiment in the world’s largest economy.
  4. India COVID cases: Sunday saw a new record being created in India with COVID cases crossing the 1.7 lakh mark. This was a 11.6% jump from Saturday’s number of 1.52 lakh cases. If cases continue rising unabated, a slew of further lockdowns and curbs is inevitable.

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