‘Markets likely to trade sideways in holiday-shortened week’
Team Udayavani, Dec 25, 2017, 1:09 PM IST
New Delhi: Stock markets are likely to trade sideways amid lack of fresh triggers in a holiday-shortened week ahead, say experts. Stock markets are closed today for Christmas.
“Now that market has already priced-in the positive aura raised on the political front, going forward valuation and transition of reforms into earnings will be the key catalyst to fuel the market sentiment.
“For the week ahead, due to lack of fresh triggers, year end and extended holidays, domestic market is likely to trade sideways but with a positive bias,” said Vinod Nair, Head of Research, Geojit Financial Services.
Volatile trading sessions may also be seen amid derivatives expiry on Thursday. “Going forward we expect quarterly numbers to be very important and that may give a broader cue for market and how will they act in coming months.
“With that, GDP and expectations of Budget and so on will keep investors on their toes,” said Mustafa Nadeem, CEO, Epic Research. Over the last week, the Sensex advanced, notching up a significant 477.33 points, or 1.42 per cent. The Nifty was up 159.75 points, or 1.54 per cent.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
Indian markets rebound sharply on buying in bank stocks, firm global trends
Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
Elon Musk in Beijing amid efforts to promote Tesla’s autonomous driving tech
Corporate earnings, US Fed interest rate decision to drive markets in holiday-shortened week: Analysts
MUST WATCH
Latest Additions
China lifts restrictions, gives all clear nod for Tesla cars as Musk lobbies hard in surprise visit to Beijing
Veteran politician S M Krishna hospitalised, undergoing treatment for ‘minor ailment’
Repolling held peacefully at one polling booth in Chamarajanagar LS segment in Karnataka
Court convicts four accused, acquits 10 in 2015 Malvani hooch tragedy
ICG apprehends Indian fishing boat with 173 kg of narcotics; two crew members detained