The stock markets will remain closed on Tuesday for Mahavir Jayanti.
“The next major trigger for the Indian market is Q4 results. Shares of Infosys and TCS will be in spotlight on Monday. Trading on the domestic bourses will resume on Monday after an extended weekend,” said Vijay Singhania, founder-director of Trade Smart Online.
The stock markets were closed on Thursday and Friday (April 14 and 15) on account of Ambedkar Jayanti and Ram Navami.
Infosys, which announced its March quarter results on Friday, when the stock markets were closed, will be in the limelight.
Tata Consultancy Services (TCS) is scheduled to announce its FY16 earnings on Monday.
Infosys, India’s second-largest IT services firm, on Friday reported a better-than-expected 16 per cent rise in the fourth-quarter net profit and forecast a strong revenue growth for the current fiscal year on new client additions.
“Other major triggers for the market include macroeconomic data, trend in global markets, investment by foreign investors, movement of the rupee against the dollar and crude oil price,” he added.
Among macroeconomic data, inflation based on Wholesale Price Index (WPI) for March 2016 is scheduled on Monday.
“The earnings season will play a key role in how market responds in coming days. Also, agriculture stocks are likely to be in focus after a greater than average forecast of rainfall,” said Rohit Gadia, founder and CEO of CapitalVia Global Research.
Wipro and HDFC Bank would also announce their earnings during the week.
On a weekly basis, the benchmark Sensex has zoomed 952.91 points to end at 25,626.75.