“Positive global cues include moderating inflation levels in both India and the US. The US bond market too is signalling that the Federal Reserve could indeed be near the end of its rate-hiking campaign. The only negative catalyst which can haunt the market is FIIs relentless selling, as they have already sold to the tune of Rs 14997 crore,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.