However, equity markets may also witness volatility this week amid derivatives expiry on Thursday, they say
Global cues and covid updates will largely dictate the trend in domestic equity market this week, say analysts. And new highs for Indian markets could be on the cards in coming session. Even though earnings season is largely over and some companies like Grasim Industries, BPCL, Sun Pharmaceutical Industries and Eicher Motors are among the few major companies scheduled to announce their quarterly earnings this week. On Friday, enthused by a declining trend in COVID-19 cases in India, the Sensex rose nearly 1000 points to 50,540.80 and Nifty surged 1.8% to 15,175.30, extending weekly gains to over 3%.