Equity investors will track the trading activity of foreign investors, global trends and ongoing earnings results for further cues, and benchmark indices may continue to witness consolidation in a holiday-shortened week amid the monthly derivatives expiry, analysts said.
Markets fell sharply last week amid massive foreign capital outflows and dismal Q2 earnings so far.
Weakness in the markets might continue in the near term amid cautiousness among investors ahead of the US presidential election early next month, an expert said.
Equity markets will remain closed on Friday for Diwali, but a special trading window will be open for one hour in the evening.
Leading stock exchanges BSE and NSE will conduct a one-hour special ‘Muhurat Trading’ session on the occasion of Diwali on November 1, marking the start of the new Samvat 2081.
Vinod Nair, Head of Research, Geojit Financial Services, said, “We expect the consolidation to continue in the short term. A reversal in trend will depend on
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