Negative global cues to impact Street sentiment

Market sentiments are likely to remain under pressure this week on weak global trends amid lesser possibilities of any domestic triggers, say analysts.

“World markets are likely to pressurise the domestic market downwards... We will maintain a cautious outlook in the coming days as a negative bias is expected to continue this week,” said Rajesh Jain, vice-president of brokerage firm SMC Global.

Analysts believe stock markets may remain under pressure as the US financial sector woes continue to weigh on investor sentiment.

Last week, problems at the US investment banking major Lehman Brothers Holdings reminded investors that the global credit crisis is far from over. It has also triggered worries of more withdrawals by foreign funds.