New Delhi, Apr 28 () Equity indices will keep an eye on the movement of oil prices, rupee as well as the ongoing earnings season for further cues in a holiday-shortened week ahead, analysts say.
Share markets will have only three trading days this week with Monday and Wednesday being holidays due to general elections in Mumbai and Maharashtra Day, respectively.
“This week it will be crude oil that will be eyed crucially as India remains one of the biggest importers of crude oil. The movement of rupee is seen critically. This could have some serious dent on positive sentiments we have seen in last few weeks,” said Mustafa Nadeem, CEO, Epic Research.
Economic events like infrastructure output data will be eyed along with manufacturing PMI numbers, he added.
