Markets to focus on global trends, may face volatility, predict analysts

With no major domestic market-moving event scheduled this week, stock market investors would largely focus on global trends and foreign fund movement, and may face volatility amid monthly derivatives expiry, analysts said. This week Federal Open Market Committee (FOMC) meeting minutes are due for release which would provide further cues to the market, Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd, said. "With all major events behind us, participants will take cues from global markets, crude and currency market movement. Besides, the scheduled monthly expiry of November month derivatives contracts would keep traders on their toes," Ajit Mishra, VP - Research, Religare Broking Ltd, said. Last week, the Sensex dipped 131.56 points or 0.21 per cent, while the Nifty declined 42.05 points or 0.22 per cent. Of late global markets have also been facing a lacklustre trend. "The market remained range-bound amid lack of cues, and it will look for direction .

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