'Q3 results, inflation data to dictate stock market'
Bourses may see bouts of volatile sessions and some more selling pressure after the disappointing gone-by week.
Marketmen said that after a poor show by industrial growth numbers for November and exports data, released last week, all eyes are now on inflation figure.
A 0.1 per cent fall in the index of industrial production (IIP) data for November had triggered selling pressure in markets on Friday.
"IIP for November continued to highlight the weak trend in economic activity," said Kotak Securities.
Besides, exports contracted by 1.9 per cent in December, leaving a trade deficit of USD 17.6 billion.
December's inflation data on Monday, meanwhile, will be a key indicator of the market trend ahead of RBI's monetary policy review on January 29, experts said.
"Overall for the week, the closing of indices was disappointing and technically, it could result into some more selling pressure in the coming week," said Nagji K Rita, CMD, Inventure Growth & Securities.
Last week, the BSE benchmark Sensex fell by over 120 points to end at 19,663.64.
Investors will closely watch the current corporate result season. Among majors this week, TCS will announces Q3 results on Monday, Bajaj Auto on Wednesday, Hero MotoCorp and HCL Tech on Thursday, Reliance Industries, Wipro, HDFC Bank and ITC on Friday.
"Volatility is likely to continue and market may also witness profit-booking on rallies. The level of 6,050-6,100 is a
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