This week the market will be grappling with data overload . We will have very important data coming out of India, Japan and China. There are also policy announcements from the central banks of Indonesia and South Korea.
The timeline of data from China are as follows :
While the market expectations are low from China , any further signs of deterioration can dampen the sentiment of the market. On the other hand the slightest hint of bottoming out will be welcomed by the market.
Japan will publish consumer confidence data for September, which are expected to reflect the waning sentiment amid mounting concerns around the country's economic outlook.
For India September trade, consumer inflation and August industrial production data due are due on Monday and September wholesale inflation on Wednesday.
Infosys the bellwether of Indian IT industry will announce its second quarter results today . After the recent slew of good results the market expectations are high from the company . This will also set the tone for the overall Indian equity market in general and IT companies in particular. Infosys has been able to successfully transform itself under the current leadership into a more agile and customer focussed company . Going forward we expect the PE gap between TCS and Infosys to further narrow down .