Experts Say Derivative Expiration Dates and Global Signals Likely to Influence Stock Markets
New Delhi:
Global factors and trading activity by foreign institutional investors are expected to lead the domestic market sentiment this week, analysts said, while the equity benchmark benchmark Owners can face volatility amid monthly expirations of derivatives.
The Indian market has seen volatile trades over the past few trading sessions. However, Nifty managed to break a five-week losing streak and ended up with a decent weekly gain of 3%, said Santosh Meena, head of research, Swastika Investmart Ltd..
Inflation and a slowdown in the global economy means stalling inflation is a key concern for global equity markets”, so we are seeing a relentless sell-off in stocks. However, the Indian market is in a better position thanks to support from domestic investors,” he added.
“Markets are likely to remain volatile this week due to the end of May. Globally, the minutes of the FOMC (Federal Open Market Committee) meeting will be released on May 25, which will be an important driver, while the movement of the dollar index and commodity prices will be other important factors,” said Mr. Meena.
Yesha Shah, head of equity research, Samco Securities, said, “The volatility observed last week is expected to continue looking at key economic data releases, earnings season current and monthly deadlines. FOMC minutes, US GDP growth forecasts and initial jobless claims will all affect global market sentiment.”
Last week, Sensex gained 1,532.77 points, or 2.90%, while Nifty increased 484 points, or 3.06%.
Siddhartha Khemka, head of retail research, said: “Overall, we expect this volatility to continue this week coupled with some macro headwinds such as high inflation and strong interest rates. Motilal Oswal Financial Services Ltd.
On the earnings front, SAIL, Zomato, Adani Ports, Deepak Fertilizers, InterGlobe Aviation, Hindalco, NMDC, GAIL and Godrej Industries will release their quarterly numbers this week.
(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)
