Stock markets witnessed an unpredictable movement last week mainly driven by FII inflows quarterly earnings, US data, etc. In the coming week, market performance will depend on earnings of BPCL, Ashok Leyland, Hindalco, ONGC, etc, FOMC meeting minutes, US debt ceiling negotiations, etc
After a roller-coaster week, stock market indices managed to close at a decent level after a marginal rebound on Friday. Q4 results of major firms, foreign funding, Us debt ceiling negotiations, FOMC minutes, and other global cues guide the market movement in the coming week. There are chances of persistent market volatility due to the scheduled monthly derivatives expiry this week.
After a roller-coaster week, stock market indices managed to close at a decent level after a marginal rebound on Friday. Q4 results of major firms, foreign funding, Us debt ceiling negotiations, FOMC minutes, and other global cues guide the market movement in the coming week. There are chances of persistent market volatility due to the scheduled monthly derivatives expiry this week.
The stock market witnessed a consecutive three-day loss of wealth last week. After Friday’s gain, Nifty closed 0.61 per cent down at 18,203.40 levels and BSE Sensex settled at 61,729.68 points. Quarterly results of major firms like BPCL, Ashok Leyland, Hindalco, ONGC, Grasim and Zeel will affect the market sentiments this week.
The stock market witnessed a consecutive three-day loss of wealth last week. After Friday’s gain, Nifty closed 0.61 per cent down at 18,203.40 levels and BSE Sensex settled at 61,729.68 points. Quarterly results of major firms like BPCL, Ashok Leyland, Hindalco, ONGC, Grasim and Zeel will affect the market sentiments this week.
Unlike the bearish market trend, banking stocks looked resilient. They were accompanied by the sound performance of IT majors. In addition to banking and IT, broader indices and midcap index also made gains this week.
Unlike the bearish market trend, banking stocks looked resilient. They were accompanied by the sound performance of IT majors. In addition to banking and IT, broader indices and midcap index also made gains this week.
Market experts believe that market choppiness will continue this week as well. Mainly because of the scheduled expiry of May month derivatives contracts, global market performance, and FII flow in the economy.
Market experts believe that market choppiness will continue this week as well. Mainly because of the scheduled expiry of May month derivatives contracts, global market performance, and FII flow in the economy.
“The marginal rebound on Friday trimmed some losses and Nifty eventually settled at 18,203.40 levels; down 0.61%. Amid all this, resilience in banking played combined with a rebound in the IT majors eased some pressure. Interestingly, the broader indices continued their outperformance while the midcap index ended marginally higher and smallcap gained nearly a percent,” said Ajit Mishra, VP – Technical Research, Religare Broking Ltd.
“The marginal rebound on Friday trimmed some losses and Nifty eventually settled at 18,203.40 levels; down 0.61%. Amid all this, resilience in banking played combined with a rebound in the IT majors eased some pressure. Interestingly, the broader indices continued their outperformance while the midcap index ended marginally higher and smallcap gained nearly a percent,” said Ajit Mishra, VP – Technical Research, Religare Broking Ltd.
Citing market’s unpredictable movement he said that the trend will continue in the coming week as well due to the scheduled expiry of May month derivatives contracts. “Meanwhile, global markets performance and consistency in the foreign flows will remain on the participants’ radar for cues,” he added.
Citing market’s unpredictable movement he said that the trend will continue in the coming week as well due to the scheduled expiry of May month derivatives contracts. “Meanwhile, global markets performance and consistency in the foreign flows will remain on the participants’ radar for cues,” he…
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