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Trade Setup for Tuesday: Top 15 things to know before Opening Bell

On the technical front, experts point out the broader structure of the market continues to remain weak as Nifty is making a lower top and lower bottom formation.

May 25, 2020 / 09:04 PM IST

The Indian market is expected to tread sideways this week amid a volley of factors, including rising cases of coronavirus, souring relations between the US and China and deteriorating macroeconomic environment.

Besides, most bank and financial stocks may also extend their losses of the previous session after the Reserve Bank of India (RBI) announced the extension of loan moratorium by three months.

RBI’s decision to extend the moratorium till August 31 could turn out to be a major negative for the non-banking financial companies (NBFCs), Emkay Global said in a note.

On the technical front, experts point out the broader structure of the market continues to remain weak as Nifty is making a lower top and lower bottom formation.