Inflation data, quarterly earnings, and global cues are expected to impact the stock markets trajectory in a holiday-shortened week ahead, say experts. On Wednesday, markets are closed for Independence Day. Head of Research, Geojit Financial Services, Vinod Nair said, ”For the next week, CPI(Consumer Price Index) and WPI(Wholesale Price Index) inflation data will be watched”.

Industrial output recorded a five-month high growth of 7 % in June as the production of consumer durables and capital goods picked up the pace before the festive season.

On Friday, the data was announced as post market hours.

“Markets are likely to consolidate recent gains this week,” said V K Sharma, Head Private Client Group and Capital Market Strategy, HDFC Securities. On Tuesday, inflation data for the month of July would be announced. This week, Tata Steel, Sun Pharmaceutical Industries, and Oil India are among the major companies which have scheduled to announce their results.

The progress of monsoon, currency movement, and crude oil prices would also be tracked by market participants. On Friday, global stock and currency markets losses a balance after the Turkish lira drown sharply against the US dollar, fuelling concerns about the macro stability of emerging economies.

Over the last week, the BSE Sensex recorded a rise of 313.07 points, or 0.83 %, to end at 37,869.23.

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