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.
Donald Trump had in March informed the US Congress about his intent to terminate the designation of India as a beneficiary developing country under the Generalised System of Preferences programme.
"Indian equity market as expected touched the historic figure of 12,041 and made a new all-time high. Markets seem to have discounted the magical mandate in favour of BJP. At the same time, we see there is some profit booking that is coming in at higher levels."
On Monday, the Sensex jumped by a healthy 1421.90 points, closing at 39,352.67, while the Nifty advanced by a massive 421.10 points to 11,828.25, its largest gain since 2008.
Most exit polls conducted by different organisations have given the BJP-led NDA full majority, even as opposition parties are dismissing these predictions.
The benchmark Sensex fell up to 450 points. The Nifty50 of the National Stock Exchange (NSE) opened at 11,605.80 after closing at 11,712.25 on Friday.
