Equity investors will monitor global market trends, inflation data, and FII trading activity this week for further cues, according to analysts.
Key areas of focus include high-frequency indicators like CPI inflation, progress of monsoon, and trade negotiations both domestically and globally.
The recent rally in rate-sensitive sectors following a significant rate cut by the Reserve Bank boosted benchmark indices Sensex and Nifty.
Expectations of a gradual up-move in Indian markets are supported by positive sentiment from the rate cut and optimism around potential US-India trade agreement, though global uncertainties may induce volatility.