The focus will also remain in the Covid situation, the global stock market, the investment pattern of foreign institution investment (FIIS), trends of rupees and Brent crude, he added.

“The income season will get this week’s steps and participants will oversee the results of the top names such as Reliance, UltraTech Cement, Bajaj Auto, JSW Steel, Bajaj Finance, Asia Cat, Unilever Hindustan. Before that, first of all will react to the income of two classes Weight – HCL Technologies and HDFC Bank at the beginning of trading on Monday, “said Ajit Mishra, VP Research, Relespare Broking.

Mishra further said among other events and data, expectations around the union budget have begun to trigger movements that look across the board. “In the middle of all, global cues and updates about the Covid situation are also on the radar market,” he added.

Santosh Meena, Research Head, Swastika Investmart Ltd, said, “Pre-budget steps have begun in many bags and which will likely continue this week. The global market shows some volatility that will have an impact on our market as well.”

“Covid cases increased but the market was satisfied with cases because of hospitalization and his death rate was very low. The market tends to remain fluctuating ahead of the highest Q3 profit of all time, pre-budget cues,” he noted.

Ceat and Bajaj Finserv are among other companies that will announce their Q3 numbers this week. Last week, BSE Sensex benchmark jumped 1,478.38 points or 2.47 percent.

“This week, the domestic market is expected to concentrate more on income results with the banking and financial sector in focus. The market also tends to get the momentum of the trend in Covid cases and restrictions related to the signal from the global market,” said Vinod Nair, a research head in Geojit Financial services.