With no major macroeconomic domestic data to be announced this week, global trends, geo-political worries and F&O expiry on Thursday are likely to move stock markets this week, analysts said.
Markets may witness volatility amid derivatives expiry on Thursday, they said.
Benchmark index Sensex pared gains to close almost flat last week as the US Federal Reserve’s guidance triggered a rout in global equities.The US Fed did not unveil any additional stimulus measures at its policy meet, even though it hinted at the key interest rate staying close to zero at least through 2023.
Federal Reserve Chairman Jerome Powell also said the economic outlook is “highly uncertain”, stoking fears of more pain in store for businesses.
“Markets have been trading with uncertainty and the clear lack of direction to either side was visible in the last week’s trades. Due to lack of any fresh triggers for the market, the current uncertainty is expected to continue. But any news with regards to the border .
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