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Corporate earnings, budget expectations to drive equities this week: Analysts

New Delhi, Jan 19 () Equity market progress this week will broadly hinge on ongoing quarterly corporate results and expectations being built around the upcoming Union Budget, according to analysts.
Investors in domestic market will closely watch quarterly earnings from companies such as Kotak Mahindra Bank, Bank of Maharashtra, Axis Bank, Canara Bank and Bank of Baroda this week.
The BSE gauge Sensex logged a hefty 345.65 points or 0.83 per cent gains in the previous week.
The recent rally has been enthused by a host of factors, mostly global, like cooling of US-Iran tensions and signing of an initial trade deal between Washington and Beijing to defuse their 18-month trade tussle.
The Indian market is now looking beyond global factors to focus on earnings announcements and upcoming budget,

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