April futures expiry to increase volatility, keep markets under pressure
Markets in the week gone by were driven by fear, war-mongering and panic. Of course, all of this leads to extreme volatility and sharp two-sided moves.
Markets in the week gone by were driven by fear, war-mongering and panic. Of course, all of this leads to extreme volatility and sharp two-sided moves.
Markets will continue to focus on the earnings season and global cues in the upcoming week.
Markets were under pressure in the week gone by and the optimism about markets and new highs in the festive season simply disappeared looking at the Israel-Hamas stand. Markets lost on four of the five sessions and gained on just one session.
The concerns triggered by the ongoing Israel-Hamas conflict had resulted in the creation of big short positions in the market, and now these shorts are being covered pushing the markets up, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
It was a topsy-turvy week that went by. Markets were flat for the first two trading sessions, and then gained, lost and ended the week with gains.
Mr Partha Chatterjee, party secretary general and state parliamentary affairs minister said that the Union Budget presented by the Centre was one of a “faceless, baseless and actionless” budget.
This is the first full Budget of Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government after returning to power for the second time.
The Sensex finished just 5.67 points lower at 39,592.08 while the Nifty also ended on a flat note at 11,841.55.
Trump said India has not assured the US that it will provide equitable and reasonable access to its markets.
The Indian Rupee opened higher by 11 paise at 69.76 per dollar versus Thursday's close 69.87.
