Last Updated:
Last week, the BSE benchmark fell sharply, shedding 4,091.53 factors or 4.98%, whereas the Nifty declined by 1,180.8 factors or 4.76%.
In this subdued and unstable atmosphere, buyers are suggested to stay cautious and look ahead to international and FII-related developments. (Representative picture)
Stock market members are anticipated to concentrate on international traits and international buyers’ buying and selling exercise within the upcoming holiday-shortened week, analysts stated. With no main home triggers, the markets will look to international cues for path.
Equity Markets Closed for Christmas
Indian equity markets will stay closed on Wednesday, December 25, for Christmas, limiting market exercise additional in the course of the week.
Key Global Indicators to Shape Market Sentiment
While no main home occasions are lined up, a number of international financial indicators, together with US bond yields, greenback index efficiency, preliminary jobless claims, and new dwelling gross sales knowledge, are anticipated to affect market path.
“Amid heightened volatility and chronic FIIs (Foreign Institutional Investors) promoting stress, buyers are prone to undertake a cautious stance,” stated Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. “Despite current weak spot, the market outlook stays cautiously optimistic. However, relentless promoting by FIIs has added to market stress.”
Recent Market Performance Highlights
Last week, the BSE benchmark fell sharply, shedding 4,091.53 factors or 4.98%, whereas the Nifty declined by 1,180.8 factors or 4.76%.
“The sudden change in FII technique from shopping for to promoting has impacted markets,” famous V Okay Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Rupee, Crude Oil Prices to Be Monitored
Apart from international indicators, the rupee-dollar pattern and the motion of worldwide oil benchmark Brent crude will play a key function in figuring out the market’s trajectory.
December Derivatives Expiry to Add Volatility
The scheduled expiry of December’s by-product contracts may additional amplify market volatility this week. “The holiday-shortened week will see members intently monitoring FII movement traits and international market efficiency for path,” stated Ajit Mishra, SVP, Research, Religare Broking Ltd.
Low Activity Expected Amid Festive Season
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd, added, “With the festive season approaching and international markets closed for 2-3 days, together with a home vacation on December 25, market exercise is anticipated to be low this week.”
In this subdued and unstable atmosphere, buyers are suggested to stay cautious and look ahead to international and FII-related developments.
(With PTI inputs)
