Quarterly results from TCS, Infosys, and macro data to steer stocks this festive week

Earnings season will commence from this week as Tata Consultancy Services is scheduled to announce its September quarter result on October 13, and Infosys will announce its results on October 14.

Initially, Indian markets along with other Asian markets on Monday will react to the outcome of the crucial US non-farm payrolls data announced on October 7 after close of markets, Singhania added.

The US added 1,56,000 new jobs in September but the unemployment rate in the world’s largest economy rose slightly by 0.1 per cent to five per cent, according to latest government data released yesterday.

On macro front, data on industrial production (IIP) for August is scheduled to come on Monday. Monthly inflation data based on consumer price index (CPI) for September is due on Thursday and wholesale price index (WPI) on Friday.

Investment trend by overseas investors, movement of rupee and crude oil price would also influence sentiment, marketmen said.

Over the last week, the Sensex and Nifty rose 195.18 points, or 0.70 per cent, and 86.45 points, or 1 per cent, respectively.