Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.

Goldman Sachs forecasts real GDP growth to accelerate to 7.9 per cent in FY17 from a projected 7.5 per cent in FY16.

Since 2005, in 8 out of 10 years (except in CY11 and CY14) the benchmark indices have given positive returns in December.

Participants will keenly watch fate of GST Bill in Parliament.

Experts say the BSE Sensex could rise to around 32,000 in a year.

Investors still seem to have a disinflation bias to their thinking.

'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.

Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.

A fall presents an opportunity to buy rate-sensitive stocks.

Analysts say there is still no visibility of earnings improvement.

Most Asian markets were trading weak on Monday.

Gold is often considered a 'hedge' against an economic uncertainty.

'For investors who are willing to remain invested for two - three years, there exist quite a few good opportunities.'

Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.

Top 10 debtor countries owe 86% of total IMF loans

In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama

Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.

As regards India, market valuations already reflect most positives.

Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week

Chances of a sudden collapse in the Shanghai Composite are remote.