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Markets to take cues from global trends, FII trading activity: Analysts
With the earnings season drawing to a close, stock markets will take cues from global trends and foreign investors' trading activity this week, analysts said.
The US FOMC (Federal Open Market Committee) minutes will be the major highlight this week, experts said.
"This week, there are fewer cues on the macro and micro fronts, as the Q1 earnings season has concluded. However, important global economic data, such as Japan's inflation numbers and the minutes from the US FOMC meeting, will be closely watched. The uncertain geopolitical situation remains the primary near-term risk for the market," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Traders will also closely monitor institutional flows and crude oil price movement, he added.
Easing fears of a recession in the US triggered a global market rally on Friday.
"Positive US economic data like cooling inflation and robust retail sales numbers shrugged off recession fears while talks of a rate cut by the US Fed as ear
