In this episode of Market Minutes, Lovisha Darad discusses about key factors that will guide market direction this week. Some of them include monthly derivatives expiry, launch of T+0 settlement cycle, and US GDP data. Meanwhile, the primary markets are also expected to be busy with 12 new IPO launches in the SME segment. Also, catch Ashwin Mehta of Ambit Capital on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
Global trends, money injected by foreign portfolio investors (FPIs), the outcome of state elections, and RBI's interest rate decision were the major drivers behind the markets' rally last week.
Relief rally seen today in the market should not be misunderstood as an uptrend, as markets will remain rangebound till expiry on Thursday.
Today is the start of another truncated week for the stock market. Last week saw three sessions and this week will see four sessions from, Monday through Thursday ending with Good Friday. This is also the second week of earnings season, which hasn’t begun well so far on Friday.