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Stock Market Live Updates: Sensex, Nifty to start flat, expected to hold ground
Sensex, Nifty, Share Prices LIVE: Financial analysts anticipate a volatile end to 2023 due to derivative settlement and portfolio adjustments by institutional investors. The expiration of NSE monthly contracts this week adds to market activity. While analysts expect low-key trading due to global market closures for Christmas, support from foreign institutional investors is predicted to buoy the market. Ruchit Jain of 5paisa.com notes the positive trend of FIIs forming long positions in derivatives. He suggests potential trading opportunities in select sectors like I.T. and pharma. Technical experts advise cautious, level-based trading, expecting continued volatility. VK Vijayakumar highlights a surge in FPI inflows in December, driven by declining U.S. bond yields, projecting a similar trend in 2024.
