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Markets to remain volatile next week on earnings, Ukraine and ahead of Election results
A host of corporates are likely to announce their results, especially from the PSU banking space. This is likely to see individual stocks react to their results. Reliance Communications which reported a disappointing set of numbers is likely to react to its numbers on Monday as the results came after market hours on Friday.
HDFC, Titan and a few other stocks from the PSU banking space are likely to announce their quarterly results next week.
The escalating tensions in Ukraine is also likely to put pressure on international markets and hence India. In fact, on Friday the US markets did not rally despite a superb jobs data, as worries over Ukraine pushed the markets there lower.
In fact, dozens were reportedly killed after tensions between pro-Russian and pro-Ukranian fighters escalated.
Apart from Ukraine and earnings, individuals are likely to take position ahead of the election results. In fact, exit polls are likely to be telecasted on May 12 itself, providing hints of which way the wind is blowing.
According to market analysts investors are already factoring 230 seats for the NDA and this is already in the current stock prices. If, the NDA wins more seats then these, it is likely that the markets could spurt. Or else, investors should brace themselves for a swift market reaction.
Clearly, it's going to be a volatile few weeks and the month of May is going to be a make or break for the markets.
GoodReturns.in
