Market participants now eyeing the magical figure of 10,000 on Nifty

The govt will announce Q4 GDP data on Wednesday and auto stocks will also be in focus this week

Markets regained momentum in the passing week and marched to the new record high, thanks to upbeat global markets and supportive local cues. In the first three days, sentiment was down largely due to escalation of cross-border tension between India and Pakistan and the news of terrorist attack in Manchester, England added to the negativity.

Amid all, the broader market witnessed severe pressure and midcap and smallcap counters were hammered badly. However, much to the participants’ relief, the benchmark index made a strong comeback in the last two sessions, taking note of recovery in the global markets and short-covering of the