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HindustanTimes Fri,31 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.


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