Ahead of Market: 10 things that will decide D-Street action on Monday

Indian benchmark equity indices closed in the red, pulled down by banking, financials, and IT stocks, with BSE Sensex ended 695 points down at 61,054, while Nifty50 closed below the 18,100 mark. Technical analysts suggested short-term traders remain light on positions and watch for a higher bottom formation. In contrast, Wall Street stocks rallied with the Dow Jones Industrial Average rising 1.7% and the S&P 500 climbing 1.9%. European shares wrapped a week of central bank meetings and heavy earnings with a decline. Sentiment meter was bullish for the shares of Rail Vikas Nigam, Chola Investment & Finance, and MRF and bearish for Team Lease Services, V-Mart Retail, and Orient Electric.