Next week will also see the effect of Corona in the market, know-how will the Sensex-Nifty situation

Stock markets can be very volatile this week. Analysts say that the market trend in the week of short trading sessions will be largely determined by the trend of the Covid-19 transition, global indicators, and quarterly results of companies. On Wednesday, there will be a holiday in the market on Ram Navami.

Vinod Nair, head of research, Geojit Financial Services, said, “The market will be very volatile this week due to the epidemic and the spread of infection at the state level.” Due to the quarterly results, there may be some stock-specific activity in the market. “

Ajit Mishra, vice-president (research), Religare Broking, said, “There will be fewer sessions this week due to market holidays.” In the absence of any major developments, the market will be eyeing quarterly results of companies like SCC, HCL Tech, and Mahindra Finance. Also, developments related to Covid and the trend in the global markets will also give direction to the market. ‚ÄĚNestle India, Rallis India, and Tata Alexi are also expected to have resulted during the week.

Siddharth Khemka, head of retail research, Motilal Aswal Financial Services, said, “There will be a lot of volatility in the local markets going forward. The market trend will largely depend on the trend of infection and the pace of vaccination. As vaccination intensifies, the ‘Narrative’ will gradually shift away from Covid-19 and curbs towards growth / cyclical improvement and quarterly results for companies. “

Apart from this, the direction of the rupee against the dollar, investment of foreign institutional investors, and crude oil prices will also determine the direction of the market. Nirali Shah, head of equity research, Samco Securities, said that partial lockdown is in force in most Indian cities, in such a situation there will be volatility in the market. This trend will continue now due to increasing cases of infection. “The 30-share BSE Sensex lost 759.29 points, or 1.53 percent, in short, trading sessions last week.