Read more about COVID-19 vaccine, related updates, F&O expiry to drive D-Street next week on Business Standard. Bourses are likely to witness bouts of buying in the lower order stocks hinting a catch-up rally
are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. “Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd. Going ahead, could make an intermediate top with correction in front-line stocks. India Inc’s quarterly results have come to an end and are likely to keep an eye on global clues and/or any major updates related to the vaccine for any direction, said Nirali Shah, Senior Research Analyst, Samco Securities.
