Global trends to dictate markets in holiday-shortened week: Analysts

With no key events due in a holiday-shortened week, markets would take cues from global trends and would also track developments related to coronavirus that has dampened investor sentiment, say analysts.

Equity markets would remain closed on Friday for Mahashivratri.

"Going forward, markets may remain range-bound due to lack of trigger or major event domestically. It would closely watch the developments with regards to the coronavirus and may remain under pressure in the near term," Siddhartha Khemka, head (retail research), Motilal Oswal Financial Services Ltd, said.

Santosh Meena, senior analyst, TradingBells, said, "Coronavirus is still dominating as a key factor in the global market and it will continue to remain a dominant factor for this week as well. Third quarter earnings season has almost end where the movement of the global market will have a major impact on the Indian market."