After several weeks of seeing red in their portfolios, investors saw a decent recovery in the bellwether indices. The Nifty 50 rose 15% from its lows raising hopes that all is not lost in the market.
Another positive is that foreign investors appear to have slowed their selling in recent times. Provisional data shows that foreign investors have been made some purchases in the last two trading days.
But major macro-economic indicators that are expected to release data this week may not show a good reading. The Nikkei Manufacturing Purchasing Managers' Index, which jumped up sharply to 54.5 in February, is expected to reflect the slowdown in the economy.