New Delhi, Jan 16 (Agencies): Markets are expected to slide further next week as third quarter earning numbers of corporate are unlikely to bring any great surprises to Dalal Street, experts said.

Stock markets have witnessed an extremely disappointing start in the year 2011, as the Sensex plummeted over eight per cent in the first two weeks of the year.

Market analysts feel that the testing time is still not over for the Dalal Street with rising inflation playing a major spoilt sport.

“Clearly, the Indian economy is confronting a few headwinds as of now and one needs to be careful in the near term before there is more clarity," IIFL Head of Research Amar Ambani said.

The new week will start with the result of the software giant TCS, which will post its December quarter earnings on January 17, followed by the rival player Wipro and the country's most valued firm Reliance Industries third quarter numbers on January 21.

Experts also pointed out that immediate concern are far more serious for the markets than the country's long-term growth story which is intact.

"The medium to long-term structural India growth story is intact. The relative growth potential and the demographic opportunity, which India provides will attract investors," Kotak Mahindra Old Mutual Life Insurance Chief Investment Officer Sudhakar Shanbhag said.