Fairness market sentiment this week shall be guided by international developments within the absence of any main home triggers, whereas bourses might also see some volatility amid expiry of derivatives contracts, analysts mentioned.
Fears of sooner-than-expected tapering in financial stimulus by the US Federal Reserve, rising instances of the Delta variant of the coronavirus coupled with China’s regulatory crackdown triggered promoting in international markets within the earlier week.
“Within the absence of key home financial knowledge factors, the market is predicted to proceed its concentrate on international occasions in an effort to acquire momentum. World rise in COVID instances can be a trigger for fear, conserving the volatility excessive,” mentioned Vinod Nair, Head of Analysis at Geojit Monetary Companies.
Over the last holiday-shortened week, the 30-share BSE benchmark Sensex declined 107.97 factors or 0.19 per cent.
“Going forward, international cues shall be intently watched for additional market route. With instances of Delta variant rising globally, that is turning into the most important fear for the markets in the intervening time together with nervousness round US Fed taper talks,” mentioned Siddhartha Khemka, Head – Retail Analysis, Broking & Distribution, Motilal Oswal Monetary Companies Ltd.
With the earnings season over, markets would monitor motion in rupee, Brent crude and international fund inflows to derive additional cues, analysts added.
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