Afternoon D & C Dedicated To Mumbai
Home > Business & Investment > Global cues, rupee, oil to dictate market trend: Experts

Global cues, rupee, oil to dictate market trend: Experts

Monday, November 26, 2018

Stock markets may face volatile trading sessions this week and would be guided by global cues, movement of the rupee and crude oil prices, experts said.

Participants would also be keenly awaiting the GDP data for the September quarter to be released Friday, they added.

"The major event for the Indian equity market would be the GDP data that is eyed at the end of this month along with expiry. The numbers would certainly give a medium-term directional view for broader indices and decide the breadth for coming months.

"That said, we have elections in major states and a lot would depend on the outcome of it," said Mustafa Nadeem, CEO, Epic Research.

Trend in the Indian currency and crude oil prices would also continue to influence trading sentiments, they said.

"This week markets are expected to be range-bound, moodless with downward bias. The next trigger is expected to be in the 2nd week of December with election outcome which might give some direction to the market. But till that time volatility and whipsaws would persist," said Jimeet Modi, Founder and CEO, SAMCO Securities and StockNote.

"Markets will keep an eye on the state assembly elections in Madhya Pradesh and Mizoram which will be held on 28 November as well as the GDP data for third quarter to be announced by Government on 30th November, the forecast for same being 7.4%. Volatility is expected to continue given these events and also being F&O expiry week,” said Rahul Sharma, Senior Research Analyst, Equity99.

Derivatives expiry on Thursday could add volatility in the equity market.

From the global markets, FOMC minutes outcome will be eyed.

No Comments Posted
City news
Youth after consumption of alcohol revealed he an
Less than a week after they kidnapped a ...
Milk distribution in Maharashtra is expected to b
Is it safe to have intercourse during the menses?
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Unlike the last few days, today will be hectic and demanding. You will need to attend a few social get-togethers and functions. Socializing with friends and relatives is on the cards. However, you need to be careful about your health. Expenses on medicines are indicated, says Ganesha.
- Advertising -
Outcome of state elections, crude oil price movem
Differences have cropped up between the Heavy Ind
Amid raging controversy over the revised economic
Read More