Today, the US government will release the monthly jobs report, which is expected to be bad. Back home, today’s inflation data will reveal further moderation in prices at the wholesale level. IIP may also rebound into positive zone (to be released on Monday). Corporate earnings announcements will gather pace from next week, with Infosys slated to declare results on January 13.
We see the key indices opening flat to slightly lower. Some bounce back may come later in the day. The market may turn choppy over the next few days given the anxiety over earnings and uncertainty about the emerging global situation. Stay on the sidelines for a while and wait for some more clarity on direction.
