The benchmark indices Sensex and Nifty shed 0.8 per cent each last week. Going into trade, investors will continue to track cues from global markets in order to gain direction in movement. Rising vaccination and reducing Covid cases are likely to provide optimism in the market. So far, India has recorded 3.05 crore cases and over 4 lakh fatalities. Meanwhile, the cumulative number of Covid-19 vaccine doses administered in India has crossed 34.46 crore, according to the Union Health Ministry. Furthermore, large and mid-cap IT companies will remain in focus this week as Q1 FY22 result season commences in India, with Tata Consultancy Services slated to post its results on July 8.