This Article is From Apr 22, 2012

Stock markets to be choppy with upward bias: Experts

Stock markets to be choppy with upward bias: Experts

A cyber cafe in China.


  • On the sidelines of the annual World Bank and IMF meetings in Washington, the Finance Minister acknowledges that the government's success will depend on its ability to take coalition partners along.
New York:

Trading in stock markets is expected to be volatile this week as investors are likely to take cues from corporate earnings, analysts said.


The future & options derivative contracts expiry on Thursday will also keep markets choppy, they added.


Country's most valued company RIL had already posted 21 per cent dip in fourth quarter earnings which was reported after the close of trading hours on Friday.


"RIL results for the fourth quarter have been in line of the estimates. While most of the parameters have been in line of the estimates, there is definite positive surprise on the GRM (Gross Refining Margins). That's definitely positive during this quarter," Jagannadham Thunuguntla Strategist & Head of Research SMC Global said.


"...Once the earnings season gets over market may find some direction. Besides, RIL's stock will not be affected much on Monday as the results were on the expected line," Ashika Stock Brokers Research Head Paras Bothra said.


Among the blue-chips, TCS, Wipro, Maruti Suzuki and ICICI Bank will announce their quarterly results this week.


"The outlook for the equity markets looks positive. RIL should bounce back after initial knee-jerk reaction in its stock on Monday," CNI Research CMD Kishore Ostwal said.


According to Bonanza Portfolio Research Analyst Shanu Goel, "Apart from the domestic events, global cues too will continue to influence the market trend...."


The BSE benchmark Sensex recorded a weekly gain of 1.63 per cent after the Reserve Bank of India (RBI) cut repo rate by a sharper-than-expected 50 basis points in its annual monetary policy for 2012-13 on Tuesday.