The US jobs data that was released on Friday came in worse than expected. Adding to the worries of the global markets are the rising bond yields in Spain and of course the ongoing unrest in Greece. All these are expected to weigh on global sentiments and Indian markets are more or less likely to follow weak global trends.
Domestically, markets are now awaiting with eager breath, the Monetary Policy Review of April 17, 2012. It is almost certain that the RBI would cut repo rates by at least 25 basis points. However, any hawkish statement from the RBI might not help sentiments.
All eyes would also be focused on IT major Infosys Technologies which will declare its results on April 13, 2012. Markets are expecting the company to report a flattish kind of profitability but will look for its future guidance for 2012-2013.