After two weeks of continuous gains, Indian stock markets will monitor corporate earnings, retail inflation data, and global markets for cues next week. Market attention is expected to turn towards macroeconomic indicators scheduled during the week, such as the index of industrial production, or IIP, consumer price index, CPI-based inflation, and wholesale price index, or WPI inflation. Inflation and industrial output data will be released on February 12.

Corporate earnings will also drive the market sentiment. Major companies reporting their December quarter results this week include Varun Beverages, CRISIL, Eicher Motors, Apollo Hospitals, Grasim, Vodafone Idea, Steel Authority of India, HAL, and Muthoot Finance.

The market outlook will also be guided by major global economic data coming out this week. Macro data such as US CPI, jobless claims, industrial production, US retail sales, UK GDP data, and China CPI will shape market sentiment in the next five days.