Analysts say there is still no visibility of earnings improvement.
Most Asian markets were trading weak on Monday.
Gold is often considered a 'hedge' against an economic uncertainty.
'For investors who are willing to remain invested for two - three years, there exist quite a few good opportunities.'
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
Top 10 debtor countries owe 86% of total IMF loans
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
Experts suggest domestic factors rather than the Greece crisis would determine the course of the Indian equities.
As regards India, market valuations already reflect most positives.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Chances of a sudden collapse in the Shanghai Composite are remote.
Valuation-wise, the markets look more attractive now
New entrants could include Flipkart, Paytm, Cafe Coffee Day and ICICI Prudential Life Insurance, it says
The road ahead for the markets in the short term will depend on external factors rather than domestic developments.
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
Markets taking cue on future rate cuts from RBI policy.
Analysts say that the focus now shifts to global events
RBI is expected to slash rates by 150 basis points till end-December 2016.
Here are 10 global and domestic factors.
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