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NEW DELHI: Stock markets are likely to remain range-bound in this holiday-shortened week amid a scarcity of any main home triggers, analysts stated.
Stock indices may additionally face volatility throughout the week amid the month-to-month derivatives expiry on Thursday. Equity markets would remain closed on Monday for Christmas.
“This week, as world cues remain sparse due to the Christmas holiday, home market dynamics are anticipated to steer sector and inventory-particular actions,” Santosh Meena, Head of Research at Swastika Investmart Ltd, stated.
With restricted cues, the December F&O expiry may inject volatility into the markets, Meena added.
Last week, the BSE benchmark declined 376.79 factors or 0.52 per cent and the Nifty dipped 107.25 factors or 0.49 per cent.
The decline in the markets got here after a document-breaking rally the place each the benchmark fairness indices Sensex and Nifty hit their all-time excessive ranges on December 20.
“While India’s equity market valuation is expensive, they may remain elevated due to the increased likelihood of a stable government at the centre. Additionally, with FPI holdings at a 10-year low and potential foreign buying in the debt market ahead of India’s inclusion in the JP Morgan Emerging Market Government Bond Index, may provide some stability to the INR,” Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers Limited stated.
Analysts stated markets have been on a document-setting spree for some time and have been in an overbought zone, so hiccups have been anticipated in the type of revenue-taking and therefore concluded the week with declines following seven consecutive weeks of positive factors.
“As we enter into the holiday mood, we expect markets to remain range-bound with stock-specific action this week,” Siddhartha Khemka, Head – Retail Research at Motilal Oswal Financial Services Ltd, stated.
Markets would additionally concentrate on world oil benchmark Brent crude and the rupee-greenback development.
Stock indices may additionally face volatility throughout the week amid the month-to-month derivatives expiry on Thursday. Equity markets would remain closed on Monday for Christmas.
“This week, as world cues remain sparse due to the Christmas holiday, home market dynamics are anticipated to steer sector and inventory-particular actions,” Santosh Meena, Head of Research at Swastika Investmart Ltd, stated.
With restricted cues, the December F&O expiry may inject volatility into the markets, Meena added.
Last week, the BSE benchmark declined 376.79 factors or 0.52 per cent and the Nifty dipped 107.25 factors or 0.49 per cent.
The decline in the markets got here after a document-breaking rally the place each the benchmark fairness indices Sensex and Nifty hit their all-time excessive ranges on December 20.
“While India’s equity market valuation is expensive, they may remain elevated due to the increased likelihood of a stable government at the centre. Additionally, with FPI holdings at a 10-year low and potential foreign buying in the debt market ahead of India’s inclusion in the JP Morgan Emerging Market Government Bond Index, may provide some stability to the INR,” Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers Limited stated.
Analysts stated markets have been on a document-setting spree for some time and have been in an overbought zone, so hiccups have been anticipated in the type of revenue-taking and therefore concluded the week with declines following seven consecutive weeks of positive factors.
“As we enter into the holiday mood, we expect markets to remain range-bound with stock-specific action this week,” Siddhartha Khemka, Head – Retail Research at Motilal Oswal Financial Services Ltd, stated.
Markets would additionally concentrate on world oil benchmark Brent crude and the rupee-greenback development.
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