Indian markets are likely to react to the win by anti-austerity Syriza party in Greece polls and US-India business talks when they open for trading on Tuesday, say experts.
December quarter earnings from blue-chips, outcome of US Fed meet and expiry of derivatives would dictate the near-term trend, they added.
Trading is expected to be volatile in this holiday- shortened week that opens after a surprise rate cut by RBI and investor enthusiasm lifted the BSE Sensex and NSE Nifty benchmarks to new life-time highs in the previous week.
“The holiday-shortened week is expected to be a volatile one for local equity markets on account of F&O expiry, which is scheduled to take place on Thursday,” said Jayant Manglik, President-retail distribution, Religare Securities Limited.
Among quarterly results of prominent companies scheduled this week include Maruti Suzuki India, Sesa Sterlite, HDFC, Dr Reddy’s Laboratories, HCL Technologies, Tech Mahindra, NTPC and ICICI Bank.
Read more Click here / www.trade4x.net
No comments:
Post a Comment