INSUBCONTINENT EXCLUSIVE:
New Delhi: Domestic market is expected to remain volatile ahead of derivatives expiry as investors await fresh cues from US President Donald
Trump's visit next week, according to analysts.
Market participants will also be eyeing GDP estimates and infrastructure data, due to be
released on Friday.
"In the near-term, the volatility could increase given the expiry of February futures and options (F-O) contracts on
Thursday and the expectations of news flow on business deals and/or trade deals during the President Trump visit to India," said Gaurav Dua,
24.
Analysts expect the broader market to continue to outperform benchmark indices on the buying interest by domestic institutions.
China is
also expected to slowly limp back to normalcy as more factories resume work and the raw material constraints reduce, said Vinod Nair, Head
of Research at Geojit Financial Services.
Amar Ambani, Senior President and Head of Research, YES Securities, said: Markets will gradually
harbour expectations that Chinese efforts to stimulate the economy will frontload demand into the second quarter of the year.
However,
metals and global commodities are likely to underperform due to disruptions caused in global trade, Dua said.
During the past week, the
Sensex fell 86.62 points or 0.21 per cent, while the Nifty shed 32.65 points or 0.26 per cent.
Financial markets remained closed on Friday
on account of 'Mahashivratri'
PTI
ANS BAL 02231315 NNNN