Ukraine looms over Indian stocks in poll mood

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.

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.

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“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.