For Quick Alerts
For Daily Alerts

    Markets Next Week: Volatility to Continue Ahead of RBI Policy


    Markets will continue to see volatility ahead of the RBI's Policy meet scheduled for Tuesday. Markets are not expecting any action and status quo is likely to be maintained in terms of interest rates as the RBI has already cut interest rates out of the policy in Jan.

    Markets Next Week: Volatility to Continue Ahead of RBI Policy
    But, what markets would be eagerly watching is the tone of the policy statement. Should it sound more dovish it could set the tone for a more bullish undertone in markets.

    Banking stocks have been moving up ever since the Reserve Bank of India cut interest rates by 25 basis points. On Friday there was a reality check as banking stocks were hammered down when non- performing asset at banks came in worse than expected.

    First, Oriental Bank of Commerce disappointed and this was followed by Union Bank of India, Bank of Baroda and ICICI Bank. The latter two were major disappointments to say the least.

    It would be difficult to see a sharp recovery in banking stocks next week.

    Technology shares would continue to hog the limelight as HCL Tech reported block buster set of results. Do not be surprised if we see another round of buying in tech stocks.

    Global Cues Important

    Global Cues will also play a part. Statements coming from the government in Greece on doing away with austerity measures may dampen sentiments. Results from major corporates in the US could drive sentiments there and impact other markets. Also watch out for data from Europe.

    It's clearly going to be a volatile week for markets. For the first time in several trading days we saw some serious selling pressure from FIIs. If you think that they will keep buying stocks endlessly you may be mistaken.

    Read more about: sensex nifty
    Story first published: Saturday, January 31, 2015, 11:51 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    Notification Settings X
    Time Settings
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more