Ukraine looms over Indian stocks in poll mood

  • HT Correspondent, Hindustan Times, Mumbai
  • Updated: Mar 23, 2014 23:08 IST

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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