<p>Stock markets will track the wholesale and consumer price based inflation data this week for near-term direction, besides foreign fund inflow will also be a key trigger for the indices, say experts.<br /><br /></p>.<p>“Investor confidence has risen as FIIs continue to pump in liquidity into the stock market. Buoyed by the liquidity, markets have seen spectacular rally recently,” Rakesh Goyal, Senior Vice-President, Bonanza Portfolio said.<br /><br />Foreign institutional investors (FIIs), the key driver of Indian markets, have poured in over Rs 68,000 crore ($12.7 billion) since the beginning of 2013.<br /><br />“Indian markets have shown remarkable recovery during last one month led by global surge in liquidity. So far, Q4 FY13 results has been broadly in-line with the expectations with no major disappointment.<br /><br />“Going ahead investors will keep an eye on further reforms to bring back economy on growth path,” said Vivek Mahajan, Head of Research at Aditya Birla Money.<br /><br />Among key earnings announcements this week are ITC, Dr Reddy’s Laboratories, Bajaj Auto and Reliance Capital.<br /><br />Oil and auto stocks will also be in focus as diesel prices were last week hiked by Rs 1.02 per litre.<br /><br />According to Dipen Shah, Head of Private Client Group Research, Kotak Securities: “Markets have been moving up at a fast pace in the past few weeks on the back of supportive global markets, consistent FII flows and better-than-expected quarterly results.”<br /><br />Markets will look forward to domestic factors like initiation of further fiscal reforms, interest rate cuts, monsoons and the remaining quarterly results, to move up from the current levels on a sustainable basis. Global markets and FII flows will be the other important factors to watch out for, he added.<br /><br />The BSE benchmark Sensex gained nearly 3 per cent last week. The stock exchanges conducted a special trading session for a short duration on Saturday as the Bombay Stock Exchange (BSE) tested its disaster recovery software.</p>
<p>Stock markets will track the wholesale and consumer price based inflation data this week for near-term direction, besides foreign fund inflow will also be a key trigger for the indices, say experts.<br /><br /></p>.<p>“Investor confidence has risen as FIIs continue to pump in liquidity into the stock market. Buoyed by the liquidity, markets have seen spectacular rally recently,” Rakesh Goyal, Senior Vice-President, Bonanza Portfolio said.<br /><br />Foreign institutional investors (FIIs), the key driver of Indian markets, have poured in over Rs 68,000 crore ($12.7 billion) since the beginning of 2013.<br /><br />“Indian markets have shown remarkable recovery during last one month led by global surge in liquidity. So far, Q4 FY13 results has been broadly in-line with the expectations with no major disappointment.<br /><br />“Going ahead investors will keep an eye on further reforms to bring back economy on growth path,” said Vivek Mahajan, Head of Research at Aditya Birla Money.<br /><br />Among key earnings announcements this week are ITC, Dr Reddy’s Laboratories, Bajaj Auto and Reliance Capital.<br /><br />Oil and auto stocks will also be in focus as diesel prices were last week hiked by Rs 1.02 per litre.<br /><br />According to Dipen Shah, Head of Private Client Group Research, Kotak Securities: “Markets have been moving up at a fast pace in the past few weeks on the back of supportive global markets, consistent FII flows and better-than-expected quarterly results.”<br /><br />Markets will look forward to domestic factors like initiation of further fiscal reforms, interest rate cuts, monsoons and the remaining quarterly results, to move up from the current levels on a sustainable basis. Global markets and FII flows will be the other important factors to watch out for, he added.<br /><br />The BSE benchmark Sensex gained nearly 3 per cent last week. The stock exchanges conducted a special trading session for a short duration on Saturday as the Bombay Stock Exchange (BSE) tested its disaster recovery software.</p>