Advertisement

HindustanTimes Sat,25 Oct 2014

Ukraine looms over Indian stocks in poll mood

HT Correspondent, Hindustan Times  Mumbai, March 23, 2014
First Published: 23:04 IST(23/3/2014) | Last Updated: 23:08 IST(23/3/2014)

India’s stock markets, after touching lifetime highs earlier this month, seem headed for a volatile week. While positive triggers come from optimism on election results, concerns over  Ukraine threaten market sentiments worldwide.

“The markets may remain volatile as traders roll over positions in the F&O segment from the near-month March 2014 series to April 2014 series,” brokerage Sharekhan said in a report.

Jayant Manglik, president of retail distribution, Religare Securities, said India’s equity markets lacked direction of late.

Market analysts said a lot will depend on investments by foreign institutional investors (FIIs), the rupee-dollar equations, crude oil prices and global sentiments.

Vinod Nair, head of fundamental research, Geojit BNP Paribas Financial Services said Ukaraine and US interest rate outlook may act as a drag on the market before election results.


Advertisement
more from Business

Fireworks back for FMCG companies this Diwali

With the overall consumer sentiment improving, companies are launching new products, and are finding buyers too. Premium products are selling particularly well, according to executives at several large consumer goods firms.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved