<p>In the absence of major domestic triggers, equity market would turn its focus on global events mainly US financial stimulus update and development related to Covid-19 vaccination in the holiday-shortened week ahead, analysts said.</p>.<p>The domestic market may also witness profit-booking at record levels.</p>.<p>Financial markets will remain closed on Friday for Christmas.</p>.<p>"Going ahead, the markets may continue with its positive bias on the back of abundant liquidity, effective vaccine rollout and increasing prospects of a US fiscal stimulus. However, intermittent profit-booking cannot be ruled out as the Christmas vacation starts from this week," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.</p>.<p>Markets could also be volatile given monthly futures and options (F&O) expiry, he added.</p>.<p>"This week, the market will be maintaining its focus on global events, as a decision on the US stimulus package and Brexit deal can be expected in the coming days," Vinod Nair, Head of Research at Geojit Financial Services said.</p>.<p>Investment pattern of foreign portfolio investors (FPIs), a major driver of Indian equity markets, will also be tracked by investors.</p>.<p>Sumeet Bagadia, Executive Director, Choice Broking said, "Investors will continue to monitor development related to Covid-19 vaccination, stimulus update and Brexit trade deal."</p>.<p>"Currently, indices seem to be in the hands of all-charged bulls and the mighty bear seem to have given up. However, one cannot rule out mild profit-booking on the way up," said Nirali Shah, Senior Research Analyst, Samco Securities.</p>.<p>Over the past week, the BSE benchmark gained 861.68 points or 1.86 per cent. </p>
<p>In the absence of major domestic triggers, equity market would turn its focus on global events mainly US financial stimulus update and development related to Covid-19 vaccination in the holiday-shortened week ahead, analysts said.</p>.<p>The domestic market may also witness profit-booking at record levels.</p>.<p>Financial markets will remain closed on Friday for Christmas.</p>.<p>"Going ahead, the markets may continue with its positive bias on the back of abundant liquidity, effective vaccine rollout and increasing prospects of a US fiscal stimulus. However, intermittent profit-booking cannot be ruled out as the Christmas vacation starts from this week," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.</p>.<p>Markets could also be volatile given monthly futures and options (F&O) expiry, he added.</p>.<p>"This week, the market will be maintaining its focus on global events, as a decision on the US stimulus package and Brexit deal can be expected in the coming days," Vinod Nair, Head of Research at Geojit Financial Services said.</p>.<p>Investment pattern of foreign portfolio investors (FPIs), a major driver of Indian equity markets, will also be tracked by investors.</p>.<p>Sumeet Bagadia, Executive Director, Choice Broking said, "Investors will continue to monitor development related to Covid-19 vaccination, stimulus update and Brexit trade deal."</p>.<p>"Currently, indices seem to be in the hands of all-charged bulls and the mighty bear seem to have given up. However, one cannot rule out mild profit-booking on the way up," said Nirali Shah, Senior Research Analyst, Samco Securities.</p>.<p>Over the past week, the BSE benchmark gained 861.68 points or 1.86 per cent. </p>