Equity markets would watch out for global cues in absence of any major event on the domestic front, and indices may face volatility in view of the scheduled derivatives expiry this week, analysts said.
Yesha Shah, Head of Equity Research, Samco Securities, said, “As the result season is through, D-Street will look for cues from international factors to decide its movement.
“As global macros will continue to dominate, investors should observe FII activity to weigh the sentiment and adopt a selective approach rather than venturing in any aggressive trades.” During the holiday-truncated last week, the 30-share BSE benchmark tumbled 1,050.68 points or 1.73 per cent.
“Going forward, rising inflationary pressure will continue to haunt global markets as fears of rate hikes will pump out liquidity from emerging markets like India,” said Vinod Nair, Head of Research at Geojit Financial Services.
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