Valuation-wise, the markets look more attractive now

New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says

The road ahead for the markets in the short term will depend on external factors rather than domestic developments.

However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.

Skymet, a private agency, has not downgraded its estimates.

Markets taking cue on future rate cuts from RBI policy.

Analysts say that the focus now shifts to global events

RBI is expected to slash rates by 150 basis points till end-December 2016.

Here are 10 global and domestic factors.

Analysts attribute this volatility to selling by FPIs and FIIs.

Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.

There are a few factors that can spoil the party

FIIs have offloaded stocks worth Rs 13,110 crore

This weakness is likely to continue in the near-term.

Slow pace of reforms in India is disappointing: Faber

Since its peak, the S&P BSE Sensex has dropped nearly 3,000 points.

Only six sectors are likely to report good set of numbers in Q4 FY15.

The market direction will be guided by corporate earnings, especially the oil & gas companies, since they were responsible for earnings disappointment in the past quarter as well.

Global events will continue to be in the limelight, besides domestic policy.

Real test of the rally in this segment will be the upcoming result season.