Domestic equities rallied for a second consecutive day following strong macro data and firm global cues. Investors are optimistic as the services PMI data from Europe, UK, and India is due later today. The positive domestic sentiment is expected to continue supporting indices, with the broader market sustaining momentum. This has led to an increase in equity trading activity. The market participants are closely watching the services PMI data, which is considered an important indicator of economic activity. The data will provide insights into the performance of the services sector in these key regions. Analyzing the services PMI data will help investors gauge the economic health and growth prospects of these economies. The services PMI data is released monthly and is closely followed by market participants as it provides valuable information about the state of the services sector. A higher PMI reading indicates expansion in the services sector, while a lower reading suggests contraction. Market participants will be looking for any signs of improvement or deterioration in the services sector to make informed investment decisions. The market sentiment is also influenced by global cues, which include factors such as geopolitical events, economic indicators, and investor sentiment from other major economies. Firm global cues provide support to domestic equities and can lead to increased buying activity by investors. In today’s trading setup, the focus is on the services PMI data from Europe, UK, and India. The market participants will closely analyze the data to assess the growth prospects of the services sector in these regions. Positive data is likely to boost investor confidence and lead to further gains in the equity market. On the other hand, weaker-than-expected data could dampen investor sentiment and result in a decline in equities. Overall, the current market setup suggests that domestic equities are poised for further gains, supported by strong macro data and firm global cues. Investors will be closely watching the services PMI data to gauge the economic health of these regions and make informed investment decisions. The broader market is expected to sustain its momentum, providing opportunities for market participants to capitalize on the positive sentiment. It is important for investors to stay updated with the latest market news and trends to make well-informed trading decisions.