No big trigger at home, markets to track global trends this week: Analysts

The domestic equity market would focus on global trends and foreign fund trading activity this week amid lack of any major trigger at home, analysts said. "This week won't bring any significant cues, so we may see a tussle between bulls and bears. Because the US market is currently experiencing the second wave of selling following the Federal Open Market Committee (FOMC) meeting, its direction will continue to be crucial. "Due to the fact that FIIs were net sellers for a significant portion of December, institutional flows will be another crucial trigger," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Ajit Mishra, VP - Technical Research, Religare Broking Ltd, said, in absence of any major event, cues from global indices, especially the US, would remain on participants' radar. Global central banks like the European Central Bank (ECB) and Bank of England (BoE) followed the US Federal Reserve in increasing policy rates and giving hawkish commentary, sending equities

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