The stock markets opened on a positive note on Monday taking cues from their global peers.
That apart, corporate earnings, economic data and global cues will decide the market trend in this holiday truncated week
Among individual stocks, Reliance Industries (RIL) slipped over 2% in the early morning trade after the company’s consolidated finance cost jump to Rs 25.66 billion as against Rs 5.56 billion in the last quarter of 2016-17, and Rs 21 billion in the December 2017 quarter.
In key results this week, Ceat, DHFL, HDFC, Dabur, HCL Technologies, InterGlobe Aviation and Hero Motocorp are likely to declare their quarterly numbers during the week.
On the global front, US Federal Reserve’s Federal Open Market Committee (FOMC) will announce the decision on the interest rate on Wednesday. It is widely expected that the central bank will keep rates unchanged in May 2018, but will raise them again in June 2018.
Asian shares rose again on Monday as tensions in the Korean Peninsula eased and first-quarter earnings shone, although some investors pondered whether this sunny outlook could dim in the near future.