Stock market investors this week would track the renewed tariff tensions between the US and China, domestic inflation data, besides, quarterly earnings from blue-chips HCL Tech, Infosys and Reliance Industries would also drive the momentum in equities, analysts said.
Moreover, global market trends and geopolitical developments would also drive investors’ sentiments.
“Markets direction this week will hinge on a mix of domestic cues, global macroeconomic trends, and corporate earnings. The renewed escalation of the USChina tariff war, which sparked a sharp sell-off on Wall-Street on Friday, is expected to dampen global risk sentiment. This resurgence in trade tensions could spur dollar outflows, adding further pressure on emerging market equities and currencies,” Ponmudi R, CEO Enrich Money, an online trading and wealth tech firm, said.
US markets ended sharply lower on Friday. The Nasdaq Composite tanked 3.56 per cent, while S&P 500 tumbled 2.71 per cent and Dow Jones Industrial ..
