Stock Market To Remain Volatile This Week, Says Vishwas Agarwal
After ending the week with a loss of 456 points on Friday (July 11) at 13,469.85, the 30-share index, Sensex today (July 14) opened negatively at 13,322, down 142 points as investors brace for another round of monetary contraction after inflation climbed up to around 12%, and a mixed Asian market providing little comfort.
On the other hand, political factors will also weigh on the stock market position until the administration got past a trust vote in parliament, following the departure of its left partners during the last week in dispute against a civilian nuclear with US.
India’s parliament will meet for a confidence vote in the government on July 21 and 22.
Stock Market analyst, Vishwas Agarwal said, “This week market will remain highly volatile due to political event, soaring crude prices and the global markets downturn.”
As a result of these three problems, things seem to be awful for market.
He anticipates that after the confidence motion in parliament, there is a chance of clarity in this unstable market.
Mr. Vishwas also said that if BSE goes above 13,786, it will be strong however if it remains below this level, then investors should be cautious for at least one week.