The FII' s pouring in money can only make the Sensex and Nifty to re-touch record highs, although caution is likely to set in in the lead-up to the Reserve Bank of India policy review on April 1.The expiry of monthly derivative contracts on March 27 could also keep trading volatile.
Global factors are also becoming a factor after markets were jolted by expectations of earlier-than-expected hikes in US interest rates after a media briefing by Fed Chair Janet Yellen this week.The Chinese Flash PMI on Monday will set the trend for week.Another fall will see markets scurrying for cover as it will confirm that the Chinese are contracting.Still, continued foreign buying could help raise the Market.
Overseas funds have been net buyers of $1.44 billion worth of shares so far this month, regulatory data has shown.
On Monday, the Supreme Court is slated to hear appeal to ban iron ore mining in Odisha. The apex court will also hear Reliance gas pricing petition.Monthly derivatives contract expiry on Thursday will be another key event to watch.
Global factors are also becoming a factor after markets were jolted by expectations of earlier-than-expected hikes in US interest rates after a media briefing by Fed Chair Janet Yellen this week.The Chinese Flash PMI on Monday will set the trend for week.Another fall will see markets scurrying for cover as it will confirm that the Chinese are contracting.Still, continued foreign buying could help raise the Market.
Overseas funds have been net buyers of $1.44 billion worth of shares so far this month, regulatory data has shown.
On Monday, the Supreme Court is slated to hear appeal to ban iron ore mining in Odisha. The apex court will also hear Reliance gas pricing petition.Monthly derivatives contract expiry on Thursday will be another key event to watch.