Indian markets focus on quarterly earnings and inflation data

Indian investors are preparing for a week focused on corporate quarterly earnings and inflation data. Major companies across the banking, IT, and insurance sectors are scheduled to release their second-quarter financial results.

Key entities expected to report include HCL Technologies, Tech Mahindra, Wipro, Axis Bank, HDFC Bank, and ICICI Bank. Market sentiment is also expected to be influenced by global factors, specifically the situation in West Asia and fluctuations in crude oil prices.

Following a week of mixed performance where the Sensex closed at 72,472.33 and the Nifty-50 at 22,520.45, the upcoming retail and wholesale inflation figures will be critical for determining market direction.