Sunday, 24 March 2019

Stock markets may witness volatility this week amid derivatives expiry

Stock markets may witness volatile sessions this week amid derivatives expiry, even as some investors are likely to remain on the sidelines ahead of the general elections beginning next month, say analysts. "Markets are likely to remain volatile for the week ahead as fresh triggers look weak going forward. Since the financial year is coming to an end, liquidity at least from the debt markets will seep out. "Some amount of redemption is likely to put pressure wherein domestic institutions are expected to remain net sellers," said Jimeet Modi, Founder & CEO, SAMCO Securities and StockNote. Lok Sabha elections are scheduled to be held in seven phases beginning April 11. "In the recent times, domestic market has taken a positive direction given probability of a stable government formation at the Centre and benign inflation. On the other hand, uncertainties over Brexit deal and delay in trade deal between US-China continue to impact global markets," said Vinod Nair, Head of Research, ..

from Markets https://ift.tt/2TUpfsh

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Goldprice dips Rs 10 to Rs 62,720, silver falls Rs 100 to Rs 74,900

The price of 22-carat gold also fell Rs 10 with the yellow metal selling at Rs 57,490 from Markets https://ift.tt/rpZGNwM