The BSE Sensex had closed Wednesday's trade down 50 points. On Tuesday, it slipped by 30 points. On March 23, the market closed down 69 points.

In the previous week, the Sensex closed Friday's trade 208.59 points down. On March 19, it declined by 152.45 points and on March 18 it closed the day's trade down 114 points.

Charting Monday's trade, an analyst said the markets made healthy gains, on the back of strong buying in the frontline stocks. Global markets were also in the green.

"Reduction in crude prices and improvement in F&O (futures and options) liquidity, post a poor March expiry (-7 percent return) provided essential support to the market," said Vinod Nair, head - Fundamental Research, Geojit BNP Paribas Financial Services.

According to Nair, the immediate factors will be role of RBI (Reserve Bank of India) meet on April 7 and the release of fourth-quarter results.

"We cannot expect a immediate cut in interest rate now. But, we have to look at scope to surprise the market through CRR (capital reserve ratio) and forward outlook," Nair added.