Continuing the bull run, the Dalal Street is likely to witness uptrend this week

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as foreign investors have once again shifted focus to Indian stocks after the Budget, analysts said.

"The run up after the Budget was a positive breakthrough for the market. It is likely to continue with the momentum next week also as the global market looks steady," Ashika Stock Brokers Research Head Paras Bothra said.

Marketmen said the big ticket follow-on offer of state-run NMDC would also keep the market buoyant as it would bring in fresh money into the market.

"NMDC issue would be a big trigger for the market. Foreign funds were sitting on cash and waiting for the Budget, now that it is over these FIIs would infuse liquidity into the market," CNI Research CMD Kishore P Ostwal said.

Analysts expect buying in realty, pharma and telecom counters this week, while mining may see some pressure because of the NMDC issue.

"Liquidity may get soaked up in the secondary market during the NMDC issue. The market will definitely see uptrend post the issue, till then we will see some range-bound movement," Bothra said.

The Bombay Stock Exchange benchmark Sensex notched the best weekly gain in 2010, rising over 3.4 per cent. The key index settled with a marginal 23 points gain on Friday at 16,994.49.