New Delhi: Trading in the stock markets may witness a volatile trend this week due to derivatives contract expiry, besides the March quarter GDP numbers on Friday will also be a key trigger for the indices, say experts.
The May 2013 derivatives contract expire on Thursday, is likely to keep the markets choppy in the first half of the week, marketmen said.
"Going forward, April core sector and fiscal deficit data and Q4 GDP numbers will be tracked closely. Expect Nifty to continue to stage a slow recovery towards 6,090 levels in short-term," said Amar Ambani, Head of Research, IIFL Ltd.
Another analyst, Sanjeev Zarbade, VP - PCG Research, Kotak Securities said: "With earnings season nearing its end, markets would await for signs of monsoons and development in global markets."
Investors will also track the trend in foreign fund inflow in the Indian equity market.
Foreign institutional investors (FIIs) have poured in more than Rs 18,000 crore in the Indian stock market so far this month.
The total foreign fund investment in the domestic equity market has reached over USD 14 billion since the beginning of the year.
The Q4 March 2013 earnings season is nearing towards a close. Among major results this week are Coal India's consolidated numbers, Oil India, Sun Pharma, GAIL, DLF, Indian Oil Corporation and ONGC.
"Investors might remain on wait and watch mode as fears of US Fed scaling back its asset purchase programme has been put into the markets. F&O expiry may also keep markets on the edge," said Vikas Jain, Founder, Aditya Trading Solutions (ATS).
In the stock market, the BSE benchmark 30-share Sensex fell by nearly 3 percent and ended the week at 19,704.33.