new Delhi. Stock markets are expected to remain volatile this week due to the Russo-Ukraine war, settlement of monthly derivatives contracts and higher crude oil prices. Analysts say geopolitical tensions and supply-side concerns will continue to weigh on investor sentiment.
Swastika Investmart Ltd. Santosh Meena, Head of Research, said that the settlement of March futures and options (F&O) contracts is due this week. This will give direction about the range of the market. Global markets are also showing improvement and some stability now. However, uncertainty prevails due to Russia-Ukraine issue and will lead to volatility in the market.
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Worry will increase the price of crude oil
Meena said that due to geopolitical tensions and supply-side concerns, crude oil prices have again reached a high. If these increase further, then it will increase the concern of the Indian market. Market experts say that due to the settlement of derivatives contracts for the month of March, there will be volatility in the market this week.
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Vehicle companies tracking sales
Ajit Mishra, Vice President – Research, Religare Broking said that market participants will also keep an eye on the sales figures of auto companies coming on April 1. All eyes will be on the developments related to the Russia-Ukraine war on the global front. Investors will also keep a special eye on crude oil prices. Apart from this, the movement of the market will also be determined by the volatility of the rupee and the investment trend of foreign institutional investors.
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Sensex-Nifty fall one percent
Sensex and Nifty both fell by about one per cent last week, amid no deceleration in the Russia-Ukraine conflict. They had registered gains during the last two weeks. Yesha Shah, Head of Equity Research, Samco Securities said that the market will remain volatile on the domestic front. The direction of the market will be affected due to the last monthly settlement of the current financial year.
Analysts say the market is showing belligerent potential despite the uncertainty. However, the weakness in global sentiment could have an impact here as well. Vinod Nair, Head of Research, Geojit Financial Services said that the domestic market will be guided by global developments. With the end of the war and increased supply of crude oil, India can maintain its combat capability. However, volatility will be a matter of concern in the short term.
Tags: business, Crude oil prices, Russia ukraine war, stock market
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