D-Street to remain volatile this week: Analysts
Dalal Street is likely to remain volatile this week on a raft of corporate results from blue-chip companies coupled with concerns about global economic scenario even as analysts expect US regime change to boost overall investors sentiment.business Updated: Jan 19, 2009 01:24 IST
Dalal Street is likely to remain volatile this week on a raft of corporate results from blue-chip companies coupled with concerns about global economic scenario even as analysts expect US regime change to boost overall investors sentiment.
"Markets are likely to remain volatile... Obama would swear in as the US President on Tuesday, following which it is expected to move up," Ashika Stock Brokers Research Head Paras Bothra said.
Marketmen said with the corporates coming out with their quarterly results, markets would be driven mainly by stock specific activity.
"Market will closely watch the earnings figure of both Mukesh and Anil Ambani group companies. The results of RIL and RCom (slated for this week) would give a broad idea of the performance and act as an indicator as to how corporate India would perform," Arun Kejriwal of Kejriwal Research and Investment Services said.
However, analysts believe that any rally on the bourses would be short-lived as there is no firm cue to drag the market.
"What we are witnessing now is mainly the operator driven activity. Market would move up even at the slightest possible cue, although the rally would not last more than a day," Kejriwal added.
Corporate behemoths like Mukesh Ambani-led Reliance Industries would come up with their earnings figures on January 22.
Besides, ADA Group firm Reliance Capital would disclose their results on January 20, Reliance Power on January 22, RNRL and RCom on January 23.