New Delhi:Quarterly earnings, COVID-19-related updates, and global trends would drive sentiment in the equity markets this week and indices are likely to witness volatility amid derivatives expiry, say analysts.
Investors would also monitor trends foreign investment, Brent crude prices, and rupee movement, they said
Stock markets have witnessed volatility recently due to a record spike in local coronavirus cases amid the second wave of the pandemic in the country.
The benchmark BSE Sensex declined by 953.58 points or 1.95 percent in the last week as surging COVID-19 cases and growing localized restrictions continued to dent investor sentiment.
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"We do not see the volatility easing out this week too, thanks to scheduled data and events. First, the monthly expiry of April month derivatives contracts will keep traders on their toes. On the data front, core sector data will be unveiled on April 30. Needless to say, the COVID-related updates will remain on the participants' radar," said Ajit Mishra, VP Research, Religare Broking.
With the progress of the earnings season, some big names like Axis Bank, Maruti, Bajaj Auto, Hindustan Unilever and Indusind Bank will announce their numbers this week.
Other major companies to announce their earnings are Tech Mahindra, Bajaj Finance, Hindustan Zinc, Titan Company and Reliance Industries Limited.