“Markets attention is on quarterly earnings, which slowed lately after some traction from banking stocks. Positivity noticed on Friday and Monday tapered ahead the critical August 1st deadline of U.S. trade agreement. Upside in Q1 earnings will be the critical point to sustain the current premium valuations. Continued profit booking by the FIIs exerts downward pressure, while steady inflows from DIIs could support for a range-bound movement with a positive bias towards Q1 results and trade deal.”
