Kunj Bansal of Centrum Wealth Management says it is difficult to predict market direction in the short term. "Today's correction is more like taking a break," he told CNBC-TV18.
Equity benchmarks closed marginally higher amid consolidation as investors are eyeing for expiry of June derivative contracts (on Thursday) and Greek deal that is expected to be this week.
Nirmal Jain of IIFL, however, says that the upward movement is only temporary and one should continue remaining cautious.
Equity benchmarks gained strength again in afternoon trade following further upmove in European markets on Greek deal.
Reports say that the nation is closer to the largest sovereign debt restructuring in history and the bailout may actually see Greece move ahead from concerns over a default. Check out what Adrian Mowat, chief Asian and emerging equity strategist at JPMorgan told CNBC-TV18 on it.
Richard Gibbs, global head at Macquarie Securities spoke to CNBC-TV18 on how he reads the news flow from the Greek deal.