Markets may remain volatile amid derivatives expiry
Stock markets may remain volatile amid derivatives contract expiry this week, say experts. Expiry of monthly derivatives contract on Thursday is expected to raise caution on bourses, they said.business Updated: Aug 24, 2014 10:56 IST
Stock markets may remain volatile amid derivatives contract expiry this week, say experts. Expiry of monthly derivatives contract on Thursday is expected to raise caution on bourses, they said.
Besides, trend in investment by overseas investors, global cues, movement of rupee against the dollar and crude oil price will be important triggers for the markets. Stock market will remain closed on Friday for 'Ganesh Chaturthi'.
"Markets could take cues from the emerging global macro-economic situation on the Russia-Ukraine talks, and the US response to the evolving Iraq crisis would be closely watched. Expectedly, markets could follow a slightly positive-flat trajectory this week," said Aman Chowdhury, CEO, Cians Analytics.
In macro-economic data, the government will release June 1, 2014 GDP data on Friday.
"Overall, we feel markets look positive and trade positions, market activity, derivatives positions, sentiments all indicate towards a healthy market movement this week. We expect markets to remain upbeat and forex linked stocks and precious metals shall show steep price movements in the week," said Rakesh Goyal, senior vice president, Bonanza Portfolio.
Jignesh Chaudhary, head of research, Veracity Broking Services, said, "This week would be expiry for derivative markets so there are chances that the traders would be dealing in very limited scrips."
Over the past week, the BSE benchmark Sensex gained 316.32 points to close at 26,419.55.
First Published: Aug 24, 2014 10:48 IST