Stock market may remain choppy in truncated week

Equities are expected to trade within a range, but volatility will remain high in a holiday- shortened week ahead and investors would track global trends and foreign fund inflows amid lack of domestic cues

PTI| Last Updated: Mar 20, 2016, 11:10 AM IST
 Stock market may remain choppy in truncated week

New Delhi: Equities are expected to trade within a range, but volatility will remain high in a holiday- shortened week ahead and investors would track global trends and foreign fund inflows amid lack of domestic cues.

Stock market will remain closed on Thursday and Friday for Holi and Good Friday, respectively.

 

"Sentiment in the global markets and investment by foreign investors will dictate trend on the bourses. In the absence of any macroeconomic data or major domestic trigger, trading is expected to remain dull but volatility will remain high on account of truncated trading sessions," said Vijay Singhania, Founder-Director, Trade Smart Online.

Volatility will remain high as traders will start rolling over their existing derivatives position, he said.

"Market in the near-term will depend on trends in global markets, investment by foreign portfolio investors (FPIs) and movement in crude oil," said Rohit Gadia Founder and CEO of CapitalVia Global Research Ltd.

Market logged its third weekly rise in a row to hit a two-month high, as the benchmark BSE Sensex gained 234.75 and the broader Nifty garnered 94.15 points.

"Going forward, the market movement will be influenced by the expectations of an RBI rate cut," said Vinod Nair, Head- Fundamental Research, Geojit BNP Paribas.