Weekly Newsletter

After a positive yet volatile week, the bulls will hope to extend their gains in the coming week, which has just three trading sessions. Besides the global cues, a lot would depend on the numbers and guidance given by the software majors like Infosys. TCS and Wipro are among others who will announce their numbers. With inflation skyrocketing to a three-year high, expectations of a CRR hike is building up. The IIP numbers, which were a saving grace on Friday may not be able to keep sentiment intact if global weakness or disappointing numbers come in. The key indices will be less relevant as stock specific action takes centre-stage in the coming weeks.