Macro data, IIP, inflation, Q4 earnings to set trend for stock market: Experts

Mumbai: Macroeconomic data ,index of industrial production  (IIP) and inflation numbers will set the trend for the stock market in a holiday-shortened week ahead, say experts.

Moreover, investment trend by overseas investors, crude oil price, and rupee would also influence trading.

The market will remain shut on Thursday on account of Baba Saheb Ambedkar Jayanti and on Friday for Ram Navami.

"Macroeconomic data will determine sentiments this week.

Trading is expected to be volatile in a truncated session as participation from institutional investors is expected to be limited," said Vijay Singhania, Founder-Director, Trade Smart Online.

The next major trigger for the markets will be the fourth quarter (Q4) earnings, which will start with IT major Infosys announcing its results on Friday.

"We believe the upcoming earning season will provide the needed trigger for a directional move to the markets in the coming weeks," he added.

On key macroeconomic announcements, industrial production data for February will come out on Tuesday as also the consumer price index (CPI) data for March.

"A short week and a mid-week holiday will keep positions light. Also, we will start getting cues from the results season," said Ravi Shenoy, VP-Midcap Research, Motilal Oswal Securities.

Last week, the markets ended in the red as the BSE benchmark Sensex and NSE Nifty fell by 2 percent each to a three-week low at 24,673.84 and 7,555.20, respectively.