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Macroeconomic data, the pace of vaccination, auto sales and global trends would be the major drivers for the domestic equity markets this week, analysts said. Besides, the progress of the monsoon will also remain on investor radar. The benchmark indices had ended the eventful week over 1% higher and analysts remain cautiously optimistic on further upmove in the market, although a third wave of Covid can dent sentiments, they say. While the number of Covid cases in India is on a downtrend, concerns about a new Covid variant loom. India in the last 24 hours reported cases a little over 50,000. The pace of vaccination in the country, too, has picked up the pace with some 4 crore jabs administered last week. Investors will keep a close watch on the vaccination pace and Covid cases going ahead.

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