After rallying for past few weeks, the Indian equity markets resumed downtrend again and ended this week with a net loss. During this week, Nifty lost 1.2%, Sensex 0.7% and midcap index 2.7%. With this week’s decline, the Nifty has, as of now, declined nearly 35% on a closing basis.
Domestic markets are likely to remain volatile throughout the next week as traders roll over positions in the F&O segment from the near month April series to May series.
Investors will also stay cautious to update on Coronavirus, gauge the key data outcome and earnings release.
US first-quarter GDP will be the headline figure to watch out next week and the real question is how badly has the economy been effected. Other data to watch will, of course, include those jobless claims numbers.
Lots of post-corona data including inflation, GDP, unemployment and economic sentiment out from the Eurozone too.
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