All eyes are on US markets
for updates on the stimulus package and upcoming presidential elections, Ajit Mishra, VP - Research, Religare Broking Ltd said.
"News on Covid-19 cases in Europe will also remain on the participants'' radar. Volatility usually remains high in stocks during the earnings and we''re seeing a similar trend," Mishra said.
Investors would monitor quarterly earnings data from frontline companies like Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Axis Bank, Hero MotoCorp, Bank Of Baroda, Maruti Suzuki India, Indusind Bank and RIL.
"We believe markets, both global and domestic will focus on the upcoming US elections and expect volatility to spike in the near term," said Vinod Nair, Head of Research at Geojit Financial Services.
On a weekly basis, the Sensex rallied 702.52 points or 1.75 per cent.
Other major factors like rupee-dollar trend and Brent crude movement will also be crucial for market direction.