<p>New Delhi: With the absence of any major immediate domestic trigger in sight, investors would focus on global trends and trading activity of foreign investors for further cues in a holiday-shortened week ahead, analysts said.</p>.<p>Movement of global oil benchmark Brent crude and rupee-dollar trend would also guide the market.</p>.<p>"This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz. Key factors to watch will be progress of monsoon and institutional flows," said Santosh Meena, Head of Research, Swastika Investmart Ltd.</p>.<p>On the global front, data from China, movement in the dollar index, and US bond yields will be crucial, he added.</p>.<p>Equity markets will remain closed on Monday on account of Bakri Id.</p>.<p>"This week, shortened by a holiday on Monday, will see participants looking to global markets, particularly the US, for cues in the absence of major events," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.</p>.Stock markets plunge in early trade on weak global trends, unabated foreign fund outflows.<p>Last week, the BSE benchmark climbed 299.41 points or 0.39 per cent, while the Nifty advanced 175.45 points or 0.75 per cent.</p>.<p>The BSE Sensex hit its all-time high of 77,145.46 on June 13, while the Nifty reached its lifetime peak of 23,490.40 on June 14.</p>.<p>"Domestic markets would remain closed on Monday, while globally investors would keep an eye on BoE (Bank of England) interest rate decision.</p>.<p>"We expect market uptrend to continue this week supported by positive macro trends, expectation of sustained government spending and policy continuity, healthy monsoon and strong earnings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. </p>
<p>New Delhi: With the absence of any major immediate domestic trigger in sight, investors would focus on global trends and trading activity of foreign investors for further cues in a holiday-shortened week ahead, analysts said.</p>.<p>Movement of global oil benchmark Brent crude and rupee-dollar trend would also guide the market.</p>.<p>"This week is a truncated one with no major triggers expected. However, we anticipate sector-specific movements amid budget-related buzz. Key factors to watch will be progress of monsoon and institutional flows," said Santosh Meena, Head of Research, Swastika Investmart Ltd.</p>.<p>On the global front, data from China, movement in the dollar index, and US bond yields will be crucial, he added.</p>.<p>Equity markets will remain closed on Monday on account of Bakri Id.</p>.<p>"This week, shortened by a holiday on Monday, will see participants looking to global markets, particularly the US, for cues in the absence of major events," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.</p>.Stock markets plunge in early trade on weak global trends, unabated foreign fund outflows.<p>Last week, the BSE benchmark climbed 299.41 points or 0.39 per cent, while the Nifty advanced 175.45 points or 0.75 per cent.</p>.<p>The BSE Sensex hit its all-time high of 77,145.46 on June 13, while the Nifty reached its lifetime peak of 23,490.40 on June 14.</p>.<p>"Domestic markets would remain closed on Monday, while globally investors would keep an eye on BoE (Bank of England) interest rate decision.</p>.<p>"We expect market uptrend to continue this week supported by positive macro trends, expectation of sustained government spending and policy continuity, healthy monsoon and strong earnings," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. </p>