Global trends, FIIs to drive India's stock markets this week: Analysts

The major global events this week are the European Central Bank interest rate decision and China's inflation rate, say analysts

In the absence of major domestic events, equity markets will be driven by global trends, foreign fund flows and movement in the Brent crude oil, analysts said.
 

The major global events this week are the European Central Bank interest rate decision and China's inflation rate, they added.

"Indian equity markets are outperforming most of their global peers and trying to show resilience despite weak global cues.

There is not much on the domestic front to digest therefore the direction of global markets will play an important role in the direction of our market," said Santosh Meena, Head of Research,