Omicron situation, global trends to guide stocks this week: analysts

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Stock markets are expected to experience volatility this week due to the potential risk of the Omicron variant and the monthly expiration of derivatives, analysts said.

“Markets will continue to experience volatility and see-saws as they react to Omicron-related development and the monthly expiration,” said Yesha Shah, head of equity research, Samco Securities.

Ajit Mishra, Vice President of Research, Religare Broking Ltd, said: “The markets are closely monitoring the COVID situation and any positive news could only help the index achieve a sustainable rise, otherwise the volatility will continue. . The investment trend of foreign investors, the movement of the rupee and Brent crude would also be crucial for the direction of the markets.

“While the rally of relief may continue for a bit longer, volatility cannot be ruled out due to the potential risk of the Omicron variant and fragile global indices,” said Siddhartha Khemka, head of retail research. , Motilal Oswal Financial Services Ltd.

The BSE benchmark gained 112.57 points or 0.10% last week.

“The Indian market has gone through a phase of consolidation over the past two months, which we believe is reaching its final phase in terms of price correction. Going forward, the market will continue to remain very sensitive to developments surrounding the Omicron variant while being closely monitoring macroeconomic data such as the US unemployment reports which will be released this week, ”said Vinod Nair, head of research at Geojit Financial Services.

(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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