Comments
After closing on a positive note for a second consecutive week aided by rising global markets, Indian equity markets are expected to continue the relaxing trend in the coming week if the same mood continues overseas.
Volumes are likely to be low due to Christmas holidays and the year-end. However, volatility will be high on account of expiry of derivative contracts.
"Volumes will get pretty light at this time of the year as most institutional investors are off on annual vacation. Rupee-dollar movement and international crude oil price movement will dictate trend on the bourses in the week ahead," said Vijay Singhania, Founder-Director, Trade Smart Online, a leading discount brokerage firm.
Technically, a pullback towards 7,950-8,000 is possible in the near term, pointed out IIFL.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.