Key benchmark indices clocked modest gains amid volatile swings during the week. The Nifty index dropped below the crucial 15,000 mark. Value buying emerged after India's GDP returned to positive trajectory after contracting for two straight quarters. On a weekly basis, the Sensex gained 1,305.33 points or 2.65%.

This week markets will focus on long term bond yield trends, crude oil prices and macro-economic data as investors look for cues amid volatility, according to analysts. In addition, investments by FPIs (Foreign Portfolio Investors) as well as domestic investors, movement of rupee against the US dollar and developments on the coronavirus front are likely to be closely watched for cues.

 "The US 10 Year G-Sec yields have surpassed 1.5% on a closing basis which is somewhat negative for global equities. The Dollar Index has also moved up from 90 to 92 level, which is seen as a negative for emerging market currencies and also equities. "In the absence of any major domestic trigger Indian markets could take a cue from global developments and the US markets," said Rusmik Oza, Executive Vice President, Head of Fundamental Research at Kotak Securities.

Vinod Nair, Head of Research at Geojit Financial Services said,  "In the coming week, the market will be mainly focusing on the expectations on whether the Fed, in its upcoming meeting, will maintain its accommodative stance in a rising bond yield market. Additionally, Fed's measures to maintain low-interest rate and high liquidity will also provide relief to the market sentiments,".

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