"Nifty is anticipated to undergo further consolidation in the upcoming sessions, encountering resistance around the 22,700-22,800 levels should it achieve a robust close above 22,600. Conversely, support is expected around the 22,400-22,300 range," said Arvinder Singh Nanda, Senior Vice President of Master Capital.
India Business News: Stock market today: BSE Sensex and Nifty, the Indian equity benchmark indices, rallied in opening trade on Monday. BSE Sensex surged over 400 points t
Stock markets to track global events, macro data, TCS results in holiday-shortened week: Analysts financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said.
Equity markets will remain closed on Thursday for Eid-Ul-Fitr.
Trading activity of foreign investors, rupee-dollar trends and crude oil prices would also guide trends in markets.