Inflation data, IT earnings, crude oil to steer stock markets this week, say experts

NEW DELHI: Indian stock markets are likely to remain volatile and consolidate this week as investors track September inflation data, quarterly earnings from major companies, crude oil prices and global economic cues. Foreign investor flows, rupee movements, US Treasury yields and geopolitical developments will also influence sentiment, analysts said.After eight consecutive weeks of declines, the Nifty-50 gained 0.43 per cent last week, while the Sensex rose 0.78 per cent, signalling some stabilisation. However, elevated crude oil prices and continued foreign institutional investor (FII) selling could limit the recovery.“Indian equities are expected to consolidate this week as markets balance improving domestic earnings momentum against elevated global risks. Brent crude remains above USD 100 per barrel and sustained FII selling continues to weigh on sentiment.