new Delhi. Currently, the domestic and foreign stock markets are unlikely to recover from the effects of Coronavirus Crisis, as its outbreak continues to grow. At the same time, the financial results of Corona Era during the first quarter of the current financial year will be informed by how the country’s major companies did business. This week many leading companies will release their financial results for the first quarter, which will be looked at by investors and will determine the direction of the market.
Results of major companies will continue
Quarterly financial results of the country’s leading technology company Wipro will be released on Tuesday. A day later, on Wednesday, quarterly financial results of several companies including Infosys and L&T Infotech will be released. Several companies, including HCL Technologies and Britannia Industries, will release their financial results on Friday.
Inflation figures will be released
Apart from this, this week will also get information about how inflation was in the last month of June. Investors will also be watching the inflation data as economic activity returned to track after the unlocking process started in June. At the same time, the prices of petrol and diesel increased drastically. The retail inflation data will be released on Monday at the beginning of the week, and the day after that the wholesale inflation data will be released on Tuesday. At the same time, the balance of trade figures will also come on Wednesday.
Foreign data will also be affected
At the same time, the major economic data released this week abroad will also have an impact on the market. The European Union’s industrial production data for May will be released on Tuesday. After this, the Bank of Japan can announce its decision on the interest rate on Wednesday. At the same time, the figures for industrial production in China will be released on Thursday on Thursday. Apart from all this, the price of crude oil in international market and the movement of rupee against dollar will also be watched by the market.