Global cues, FIIs key factors to watch, markets may react to assembly polls outcome: Analysts

Global factors and FII enactment volition dictate trends successful home equity markets this week portion assembly canvass results of Maharashtra and Jharkhand whitethorn interaction stocks connected Monday, accidental analysts.

Stock markets witnessed a spirited betterment connected Friday with benchmark Sensex and Nifty notching the champion single-day gains successful much than 5 months and offering alleviation aft weeks of Correction.

On Friday, Sensex jumped 1,961.32 points oregon 2.54 per cent to settee astatine 79,117.11 portion Nifty soared 557.35 points oregon 2.39 per cent to 23,907.25.

"On the home front, the outcomes of the Maharashtra and Jharkhand elections volition beryllium important triggers. Especially Maharashtra wherever NDA witnessed a one-sided triumph which is apt to boost bullish sentiment further. However, planetary factors proceed to airs important risks.

Escalating tensions betwixt Russia and Ukraine, alongside rising crude lipid prices, person added to inflationary concerns," Santosh Meena, Head of Research, Swastika Investmart Ltd, said.

A strengthening US dollar scale and elevated US enslaved yields are weighing connected the rupee, starring to grounds overseas organization capitalist (FII) outflows. "The absorption of FII flows volition stay a cardinal determinant for the markets pursuing the caller correction," Meena added.

The BJP connected Saturday pulled disconnected a stunning show successful Maharashtra winning a grounds fig of seats to propel the party-led ruling Mahayuti confederation to a landslide triumph portion the INDIA bloc stormed backmost to powerfulness successful Jharkhand connected the backmost of a spectacular showing by the JMM.

Global lipid benchmark Brent crude and the rupee-dollar inclination would besides power trading successful the banal market. Global triggers, including US economical information specified arsenic GDP maturation rate, and FOMC (Federal Open Market Committee) gathering minutes, volition play captious roles successful shaping capitalist sentiment, Meena added.

"Overall, the governmental outcomes, peculiarly successful Maharashtra, suggest a affirmative outlook for the Indian banal market, particularly successful sectors that payment from infrastructure improvement and governmental stability," Palka Arora Chopra, Director, Master Capital Services Ltd, said.

"Macroeconomic indicators, including GDP and infrastructure output, volition garner important attention. Participants stay focused connected FII money flows, fixed their ongoing selling spree," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Last week, the BSE benchmark zoomed 1,536.8 points oregon 1.98 per cent, and the Nifty climbed 374.55 points oregon 1.59 per cent. Most sectors, but energy, contributed to the rebound, with realty, auto, and FMCG starring the pack.

IT and banking played a pivotal relation successful capping losses and driving the betterment successful the benchmark. Broader indices besides edged higher, with gains ranging betwixt 0.9% and 1.8%.

"On Monday, the marketplace volition respond to the result of authorities assembly elections successful Maharashtra and Jharkhand on with different planetary triggers including developments successful the Russia-Ukraine war," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.