The week ahead in Indian equities is full of events that are likely to impact the market and investors are waiting to see how the third-quarter corporate earnings, inflation data and global developments affecting the market will be the major contributors to the sentiment.

The new season of corporate earnings will commence with the publications of results from some of the major companies such as TCS, Infosys, HCL Tech, Tech Mahindra, Reliance Industries and Jio Financial Services. The analysts are of a view that along with the management comments the guidance for the future from these companies will be important in deciding the movement of different sectors especially IT, banking, financial services and energy stocks.

Along with the earnings, the macroeconomic indicators will still be the center of attention. The inflation data based on India’s Consumer Price Index (CPI) and Wholesale Price Index (WPI) is getting released this week and global investors are keeping an eye on US inflation, retail sales and housing data. These numbers are supposed to affect the expectations of interest rate cuts by the major central banks.

NYSE market participants will also be watching closely the foreign institutional investor (FII) movements as overseas liquidity has been a major contributor to the recent volatility. Besides, the dollar-rupee exchange rate and the changes in crude oil prices will be some of the other factors that can potentially influence the trading sentiment.

The worldwide investors are most apprehensive with the US Supreme Court’s decision on the legality of the tariffs that were imposed during Trump’s era, which can easily become the turning point for the global trading atmosphere. In addition, the extending international discord is expected to remain a worry.

Last week, the Indian stock market showed a weak performance at the end of the week which was mainly due to the global uncertainties that were increasing and foreign funds continuing to flow out of the country. The BSE Sensex lost more than 2,180 points; Nifty fell more than 645 points, which are the signs of market participants being very cautious.

According to the analysts, the markets would be influenced in the near future by the combined effects of the earnings results, inflation, and policy signals as well as global cues.