Colourful kites are crowding the skies. The festival known by different names like Pongal, Makar Sankranti and Lohri marks the beginning of the Sun's movement northward for a six month period. If only we knew for certain when or how long the northward journey of our market could last.
After a positive surprise from Infosys, the street is perhaps expecting more blockbuster performance on the bourses even if companies just about manage to beat expectations. Reliance Industries, TCS and ITC are among the big numbers this week.
The opening is set to be flat to mildly positive. As usual, the companies announcing results will be in focus. The inflation numbers will also be keenly watched and it is expected to have risen in December. The RBI had projected December inflation of around 8% in its October policy review. What the RBI does on January 29 is likely to be speculated as the week goes by. For the Nifty, the trading range of 5920-6100 remains intact.