A number of microeconomic data will be released next week. In addition, quarterly results of major IT companies like Infosys and TCS will be released.

According to analysts, the effect of these things will be felt in the stock market in the new business week starting from Monday, which has marked the beginning of the new year.

According to analysts, investors will keep a close eye on various developments. This includes statistics showing an increase in cases of covid in the country and around the world.

Quarterly results will be announced "Lands like Infosys, TCS, Wipro, HCL Tech and MindTree will announce their results. In addition, HDFC Bank will also get quarterly results.

Market investors, on the other hand, will be eyeing data on IIP, retail inflation and wholesale inflation. Besides, all eyes will be on the world signs and the condition of the covid.

"The good performance of IT companies will make a difference. At present, the quarterly results of companies will determine the direction of the market," Mishra said.

He said investors in the market are optimistic that the outcome of the big IT companies will further boost the stock market.

However, due to the increase in covid cases, it can be weakened if strict restrictions are imposed. The rise in crude oil prices, along with the domestic situation, could be a cause for concern for investors.

On the other hand, inflation figures in China and retail sales in the US will be important. "The earnings figures for the third quarter of FY2021-22 will start with the results of large cap IT companies.

At the domestic level, investors will be looking at the microeconomic front. He will also look at inflation figures in the United States and China.