COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts."We would continue witnessing stock-specific action as the earnings season unfold.
Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head.