1. Stocks may see volatility, demonetisation to hog limelight, say experts

Stocks may see volatility, demonetisation to hog limelight, say experts

Markets may see volatile trading sessions this week amid derivatives expiry, while currency demonetisation and Parliament proceedings would continue to impact sentiment, say experts.

By: | New Delhi | Published: November 20, 2016 3:50 PM
Analysts said that market will keenly watch updates related to demonetisation and proceedings of Parliament. (Reuters) Analysts said that market will keenly watch updates related to demonetisation and proceedings of Parliament. (Reuters)

Markets may see volatile trading sessions this week amid derivatives expiry, while currency demonetisation and Parliament proceedings would continue to impact sentiment, say experts. “We believe currency demonetisation to continue putting its impact in the market emotion and consequently driving the sentiments. Moreover, there is not much of economic event due this week so it’s all demonetisation news to play the role,” said Abnish Kumar Sudhanshu, Director & Research Head, Amrapali Aadya Trading & Investments.

“During the week if bank deposit growth rises more than expectation amid demonetisation of currency then market is expected to take it positively,” Sudhanshu noted.

Analysts said that market will keenly watch updates related to demonetisation and proceedings of Parliament. “This week, global clues and parliament proceedings will dominate markets sentiments,” said Vijay Singhania, Founder-Director, Trade Smart Online.

“Back home, liquidity issue continues to hit the economy due recent demonetisation move by the government. While the ongoing disruption in the Parliament session will continue to affect market sentiments,” he added.

Among major earnings, Larsen & Toubro will announce its quarterly earnings this week.

“Market is expected to become volatile due to future and options contract expiry,” said Rohit Gadia, Founder & CEO, CapitalVia Global Research Ltd.

Over the last week, the Sensex crumbled 668.58 points, or 2.49 per cent, while the Nifty plunged 222.20 points, or 2.67 per cent.

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