The equity markets focus is expected to shift to global trends in the absence of any major domestic event scheduled this week, while investors are likely to continue to keep a tab on foreign fund movement and crude oil prices, analysts said.
Progress of monsoon would also be monitored, they added.
“Relentless selling by FIIs is a key concern for the Indian markets. Rupee movement and development of monsoon will be other important factors for the market,” said Santosh Meena, Head of Research, Swastika Investmart Ltd.
“In absence of any major domestic event, global cues will continue to dictate the trend. Participants will also be eyeing Covid cases trend and progress of monsoon,” Ajit Mishra, VP – Research, Religare Broking Ltd, said.
