Uninterrupted foreign fund inflows may keep sentiment on Dalal Street cheerful

MUMBAI: Uninterrupted foreign fund inflows may keep sentiment on Dalal Street cheerful in the truncated trading week ahead. While selling by domestic institutions could keep gains in check, traders are watching whether the Nifty can stay above 7600.

“It is tough to predict what will happen this week as it is a short week but given the sharp rally we have witnessed in the last few weeks, we think markets will consolidate at current levels,” said Harsha Upadhyaya, CIO for Equities at Kotak AMC.

“We may continue to see buying interest from foreign investors if global factors remain positive,” said Pankaj Sharma, executive director, Equirus Securities. “However, things are not exactly looking up here, locally.”

“Factors like global market stabilisation, margin expansion driving corporate earnings and interest rate cutting cycle to begin from the RBI will help in a gradual recovery in the markets,” said Dhiraj Sachdev, senior vice-President at HSBC AMC.