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Dalal Street Week Ahead: Here are 10 key factors that will keep the traders busy

Volatility jumped to 25.34 levels at close on Friday, from 22.42 levels seen on previous Friday ahead of budget, due to selling pressure in emerging markets.

January 31, 2021 / 08:26 AM IST

The market plunged more than 5 percent in the week ended January 29, the biggest weekly fall since March last year as foreign investors sold shares on caution ahead of Union Budget. Global mood was also weak as lockdown to control COVID-19 infections may delay the economic recovery and speculative activities in the US market.

The BSE Sensex fell 2,592.77 points or 5.30 percent to 46,285.77 and the Nifty50 corrected 737.30 points or 5.13 percent to 13,634.60, underperforming the broader markets. The Nifty Midcap 100 index declined 3.5 percent and Smallcap 100 index was down 2.33 percent.

The benchmark indices nearly doubled from its March 24th low before the correction seen last week.

Experts feel the volatility is also expected to continue in the coming week given the big event ahead - Union Budget followed by RBI policy which both can set the market direction in near term.