Home Markets Global trends to dictate equity markets in holiday-shortened week: Analysts

Global trends to dictate equity markets in holiday-shortened week: Analysts

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With season largely over, equity investors would focus on global trends for further direction in a holiday-shortened week ahead, analysts said.


would remain closed on Thursday for Muharram.





“The majority of India Inc’s first-quarter earnings were stronger-than-expected and in the absence of a major event, global cues are expected to guide the market direction,” said Nirali Shah, Head of Equity Research, Samco Securities.


Santosh Meena, Head of Research, Swastika Investmart Ltd said that on the domestic front, WPI numbers will be released on Monday.


“Our market will also have an eye on the behaviour of FIIs and the dollar index,” Meena added.


“With positive economic data pointing towards economic recovery, the market is expected to remain bullish in the long term while the possibility of a short correction in the near term cannot…

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