The direction of the local stock markets this week will be decided by global trends, activities of foreign investors and quarterly results of companies. Analysts have expressed this opinion. The quarterly results season is going to start with Tata Consultancy Services (TCS) from Thursday this week. Analysts say that macroeconomic data and rupee-dollar trend will also be important for the market. Pravesh Gaur, Senior Research Analyst, Swastika Investmart Ltd. said, "The results of the third quarter (October-December) of the current financial year are going to start this week. Information technology giants TCS and Tata Elxsi will announce their financial results on Thursday i.e. January 9. Investors will keep an eye on the performance of individual stocks. " 

Along with quarterly results, these factors are also important

He said that after the quarterly results, the market's focus will be on the upcoming general budget and the policy decisions of the Donald Trump 2.0 administration. Gaur said that foreign institutional investors (FIIs) have been net sellers, while domestic institutional investors (DIIs) have remained buyers. This kind of 'struggle' between FIIs and DIIs will continue in the future as well and it will play an important role in giving direction to the market this week.

TCS result will come

Religare Broking Ltd. Senior Vice President (Research) Ajit Mishra said, "Several major developments can affect the market sentiment in view of the second week of the new year. Quarterly results will start with TCS. Better results in the third quarter may reverse the withdrawal trend of foreign institutional investors (FIIs). Apart from this, investors will keep an eye on HSBC Services PMI and Industrial Production (IIP) data for further indications.

Rupee is at all time low

On Friday, the rupee fell by four paise to close at an all-time low of 85.79 per dollar. Vinod Nair, Head of Research, Geojit Financial Services, said, "The market will keep an eye on the third quarter results of companies going forward. It is expected that the quarterly results of companies will see improvement as compared to the previous quarter." Talking about the global front, the details of the Federal Open Market Committee (FOMC) meeting will be announced this week. Last week, the BSE's 30-share Sensex rose 524.04 points or 0.66 percent. At the same time, the National Stock Exchange's Nifty was in profit of 191.35 points or 0.80 percent. On Friday, the Sensex closed at 79,223.11 points, down 720.60 points or 0.90 percent. At the same time, the Nifty fell 183.90 points or 0.76 percent to 24,004.75 points.