Markets may remain volatile amid derivatives expiry: Experts

Tags: Stock Market
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 Q1 June 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.

EDITORIAL OF THE DAY

  • School exams need a overhaul under the direct supervision of the HRD ministry

    Theatre Of The Absurd. Bihar students need not be ashamed of mass cheating in exams.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: BLOOD, GORE & GUTS

The battle to control India's coal capital - Dhanbad - ...

Ananda Majumdar

<b>Ruminations:</b> WALKING ON A THIN EDGE

A social media post doing the rounds says, with some ...

Zehra Naqvi

Creativity springs from being open to experimentation

When Albert Einstein published his first revolutionary paper on the ...