It is not just one factor but multiple data points that will be announced this week and all are going to be critical. Firstly, IT majors like Infosys and Wipro are expected to announce results this week. Secondly, the retail inflation or CPI number will be out on Monday while the WPI inflation will be out on Tuesday. Government may only announce food inflation.

The trade data covering the merchandise and service exports are also expected to be announced during the week showing trade impact. The progress on the Coronavirus cases and the recovery / affliction ratio will also be key data points in the week. In addition, there is the Rossari Biotech IPO and Yes Bank FPO, which could set the tone for the IPO markets.