Earnings, virus trend to set market tone: Analysts

The trend in Covid-19 cases as well as corporate earnings will set the tone for equity markets this week, analysts said.

Participants are also hopeful of more stimulus measures from the government to prop up growth amid the coronavirus crisis, they added.

Economic activities are set to resume in a graded manner from April 20, which could also lift market sentiment.

"Currently, a major part of the world population is under lockdown and it is expected that markets may not take any material direction till the lockdown ends.

"The moment lockdown ends, market would start reacting to the ground reality. In the coming weeks, corporates are expected to announce their quarterly earnings performance," said Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote.

Infosys and ACC are the two major companies scheduled to announce their earnings this week.

"Going ahead, we believe, the markets would react to the corporate earnings, trend in coronavirus cases and any economic stimulus ...