Mumbai: According to stock analysts, the domestic stock markets are expected to stay fairly explosive in the current week ahead with capitalists expecting direction from worldwide clues and local political condition.

Last week, the benchmark index BSE Sensex closed on a flat note at 14,424.87 points, and also descended below the 14,000 mark in the last seven days. In the past week, the Sensex had hovered from negative to positive dominion amid worries on the actions in the Central government.

The stock market saw a restoration of activeness on Friday as worries of immediate elections relieved after the Left made soft affirmations over the country’s N-deal with the United States.

Market commentators think that the perfection in the political condition twinned with the international situation may assist in bringing up market persuasions this week.

Pradeep Dokania, DSP Merrill Lynch Head of Global Private Group told, “Market is expected to be volatile in short term but it could see a positive trend in the medium term.”

He also said the fundamental principle still remains unbroken and there was no risk as far as encouraging bias was concerned.

In the meantime, FII carried on with heavy selling in stocks last week and the selling fling is expected to carry on in the recent week too but a few stock specialists anticipate that the market condition may alter this week.

“Global market ended on a positive note on Friday after the US Federal Reserve cut discount rate, thereby easing concerns on the US credit market,” leading brokerage Kotak Institutional Equities said in a weekly round-up report.