Markets may witness gradual up-move ahead of LS poll results: Analysts

Analysts anticipate a gradual upward movement in equity markets this week amid volatility as both election and earnings seasons near their conclusion. Global trends and foreign investors' trading activities will significantly influence sentiment. Benchmark indices will track Brent crude oil prices and the rupee-dollar trend. Thursday's monthly derivatives expiry may add to market fluctuations. Positive Q4 earnings, particularly from companies like Tata Steel, could bolster bullish momentum. \r

Additionally, Lok Sabha election results on June 4 and global economic data, notably from Japan and the US, will be closely watched. Domestic macroeconomic data, including the GDP growth rate for the June quarter, will also impact market sentiment. \r

Last week saw record-breaking gains in benchmark indices, with the BSE Sensex and NSE Nifty reaching new highs.