Fourth quarter earnings will be the key driving force behind the movement of the stock market in a holiday-shortened week ahead, say experts.
Stock market 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, Trade Smart Online.
Stock markets were closed on Thursday and Friday on account of ‘Ambedkar Jayanti’ and ‘Ram Navami’.
Infosys, which announced its March quarter results last Friday, when the stock market was closed, will be in the limelight. TCS is scheduled to announce its FY16 earnings on Monday.