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Q2 earnings, global cues among 8 factors to drive Dalal Street this week
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Dalal Street.
In the week gone by, equities ended positive as dovish comments from the US Federal Reserve eased bond yields and reduced the risk-off mood in the market. Global markets will, therefore, continue to be watched for cues in early trade.
“The resilience of the global markets will be crucial in determining the sustainability of this positive momentum,” said Santosh Meena, head of research, Swastika Investmart.
On the derivatives front, FIIs short exposure in index futures is still at an elevated level of 82%; therefore, there is scope for a significant short-covering rally, Meena said.
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