Indian stock markets are expected to be under pressure on Wednesday as investors assess the economic implications of the extended nationwide lockdown.

Investors will also likely react to March quarter earnings which kickstart with Wipro’s Q4 results later today. According to analysts, January-March corporate earnings are expected to be a washout as the downturn in the economy worsened, with business activities hit following the covid-19 outbreak and the subsequent nationwide lockdown.

Edelweiss Securities Ltd estimates March quarter revenue of the top 5 Indian IT players to decline 1.3–0.0% quarter-on-quarter in constant currency (cc) as the global economy came to a halt while cross currency tailwinds will be minimal.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

Indian equities seen under pressure; Wipro to kickstart Q4 earnings

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