Mumbai, March 8 -- Trend in global stock markets, the movement of rupee against the dollar and crude oil prices will dictate trend on the bourses in the near term. Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be monitored.

Indian equity stocks are hovering near record highs helped by some factors such as robust growth in corporate earnings, comeback of private capex, revival of consumer spending and supportive regulatory environment.

On the macro front, the Industrial Production and Manufacturing Production data for January will be released on 12 March 2024. The government will unveil data on inflation based on the wholesale price index for February on 14 March 2024.

On the political...