Focus will, however, shift back to corporate earnings, liquidity situation and global events - specially crude price.
The stock market will most likely see bullish trends this week in the run up to Union Budget as investors pin hopes on strong reform measures to rev up the economy, say experts.
The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has hurt investor sentiment.
2019 appears a story of two halves for Indian equities - a more difficult first half might precede a stronger second half, said Abhiram Eleswarapu, bottom, left, Head of India Equity Research, BNP Paribas in an interview with Ashley Coutinho.
Systematic withdrawal plans in equity funds can spell trouble in a falling market, points out Deepesh Raghaw.
The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.
In the Sensex pack, index heavyweight Reliance Industries fell 2.84 per cent to Rs 1,057.15 after reports that the company's oil assets may take a hit due to the government's imposition of cost controls on soaring petrol and diesel prices.
'It was because of the huge selloff in the Indian equities that the rupee fell so sharply against the dollar on Friday.'
Analysts attribute this volatility to selling by FPIs and FIIs.
Hopes of global growth recovery supported risk-on sentiments.
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
With the results season kicking off next week and the undertone still weak, investors should be careful. The trend is likely to remain lacklustre ahead of Infosys results. The market may remain range-bound and choppy depending on global cues.
The 30-share S&P BSE Sensex ended up 130 points at 25,400 and the Nifty50 rose 46 points to close at 7,759.
'The government's projections for 2019-2020 will be disappointing big time.'
A weak economy coupled with rising Covid-19 cases and inflation that is above RBI's comfort zone, geopolitical developments, and upcoming India Inc's second quarter results for FY21 could impact sentiment, analysts say.
The Nifty's put-call ratios are very bearish.
Consistent move on the Nifty could lead to increased volatility in the market.
The breadth, indicating the overall health of the market, turned negative from positive
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
The 30-share Sensex ended down 12 points at 25,610.
Yes Bank gained the most, spurting 5.94 per cent. Bajaj Finance, Hero MotoCorp, TCS, HUL, Bajaj Auto, HCL Tech, Infosys, SBI, M&M, ICICI Bank and Tata Motors rose up to 1.65 per cent.
The biggest gainers in the Sensex pack in Friday's session were Yes Bank, Bharti Airtel, Tata Motors, Vedanta, SBI and Axis Bank, spurting up to 3.05 per cent. The losers included HCL Tech, TCS, Infosys, Hero MotoCorp, IndusInd Bank and Sun Pharma, falling up to 1.55 per cent.
'Historically, the lead-up to a general election tends to be excessively volatile and big losses are perfectly possible.'
The Nifty is up 6.5% in the last 12 months. The NSE IT Index is down 10% in the same period. But will the sentiment improve going ahead?
The broader NSE Nifty gained 22 points to 10,480.60
Given the developments, analysts do not foresee a quick recovery.
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10.
UBS reiterated its Nifty target of 9,200 by December as it expects growth to gather steam
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The broader 50-issue NSE Nifty dropped 38.35 points, or 0.38 per cent, to close at 10,186.60
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
'The only thing that is safe right now are government securities.'
The rupee may also gain against the euro but be prepared for a snapback in the euro as Greece resolves.
The return from the ETF investment will be more than the 8.75 per cent the EPFO offers to subscribers now.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
FIIs continue to invest in India, with their net investment since September 2013 standing at about Rs 82,000 crore(Rs 820 billion)
At the close, the 50-share NSE Nifty was at 8,611.15, up 19.90 points, or 0.23 per cent, after moving between 8,637.15 and 8,555.20.
A fall presents an opportunity to buy rate-sensitive stocks.
'Investors should reduce cash gradually and look for value investing.'
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances