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    Markets May Remain Subdued Ahead of Truncated Week


    Markets next week may remain subdued on account of a truncated week, as Thursday is a holiday on account of Mahavir Jayanthi and Friday is a holiday on account of Good Friday.

    Markets May Remain Subdued Ahead of Truncated Week
    This week saw a sharp fall in the markets, making it a drop for the third week in a row. Analysts expect a subdued trend to prevail given the fact that there are not many cues ahead of the results season.

    Infosys will declare its results next month, which will set the tone for the results season. Analysts are not too bullish on the markets going ahead as tensions in Yemen continue along with fears of an interest rate hike in the US.

    This week was disaster even for blue chips. HDFC and HDFC Bank both dropped sharply, along with IT stocks like Infosys and TCS.

    In fact, every pocket, including the banking space was hit very hard. FMCG also did not support with Hindustan Unilever and ITC also seeing some selling pressure. FIIs were net purchasers on most of the days of the week, except on Friday when they resorted to selling.

    There is not much in terms of data for next week, except the HSBC Purchase Manufacturers Index figure. Globally, markets will await for the US jobs data, which is due on Good Friday. A robust data may once again raise risks of a US Federal Reserve interest rate hike.

    Janet Yellen this week hinted at the possibility of US Rate hike later this year, saying that it would be gradual. All in all it's going to be a volatile session in the next few weeks, one will have to wait and watch.

    Read more about: sensex nifty
    Story first published: Saturday, March 28, 2015, 14:17 [IST]
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