Mkts to remain volatile this week: Analysts

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Mumbai, March 23:: Dalal Street is unlikely to get a respite from volatility this week as the global markets continue to wobble in uncertainty, analysts say.

"Given the high weight of foreign flows, global events will continue to impact near-term performance. The share prices of firms with high leverage, significant forex exposure and those that require commodity inputs remain vulnerable," brokerage and investment group CLSA Asia-Pacific Markets said in a research note.

In the three-trading days last week, the BSE Sensex settled at 14,994.83 points on Friday with a gain of over 161 points, while S&P CNX Nifty closed at 4573.95 points, down 0.90 per cent.

The stock market has been suffering losses for three weeks in a row as selling pressure continued following global sell-off besides budget blues and lack of buying.

"Markets would be volatile, there will, however, be a bounce back in the indices but the broader trend is down. Some amount of stability could be witnessed but there would not be a run up. Because the under current is quite weak, the repeated rate cut by the Federal Reserve shows that there is a credit crunch and the global growth rate is slowing down," Asika Stock Brokers' Research Head Paras Bodhra said.

Analysts also believe that the volatility would also continue in the market ahead of the expiry of derivative contracts on March 27 this week and the next trigger for the markets could be expected from the fourth quarter and full year corporate earnings due in April.