- Markets in free fall after poll vault, BSE Sensex down 281 ptsRupee closes down by 71 paise to end at two-week low of 62.12 againt dollarFive blue-chip firms lose Rs 22,582 crore in market capitalisation, ONGC share price lead loserP. Chidambaram says some functions of RBI need to be revisited
have been nervous as the US stimulus if trimmed could lead to drying of liquidity flowing into emerging markets, analysts said.
The US Senate is expected to vote next week on the new budget deal and Janet Yellen's nomination to lead the Fed after Bernanke's term ends.
Besides the major policy events, initial trends of the third instalment of corporate advance tax payments by mid next week would also provide cues to earnings, said traders.
Investors would also keep an eye on the ongoing winter session of Parliament that is underway, they added.
"Markets fell on the last trading day of the week, tracking nervousness across the globe on worries of Fed tapering in the forthcoming FOMC meeting due this week. Rate hike fears too had spooked market and currency," said Vivek Gupta, Director Research, CapitalVia Global Research.