The trend in investment by foreign institutional investors (FIIs), movement of rupee against the dollar, and trend in global markets will dictate trend on the domestic bourses in the near term. Investors will keep a close watch on the ongoing monsoon session of parliament as a heavy legislative business has been lined up by the government. The government has expressed readiness to extend the monsoon session of Parliament if need be.
The market sentiment remains edgy on fears of slowdown in inflow from foreign institutional investors as the US Federal Reserve may wind down $85-billion-a-month bond-buying program, which had become a source of funds for investment in Indian as well as other emerging markets.
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