Vaccination, Q4 earnings, F&O expiry among key factors that will guide markets next week
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The market will continue to focus on covid numbers to pump in more optimism into the market due to a relatively quiet week for economic data,” said Vinod Nair, Head of Research at Geojit Financial Services.
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NEW DELHI: Buying in banks and financials along with autos pushed benchmark indices higher by nearly three per cent last week which turned out to be one of the best weeks in the last four months.
Easing covid concerns, fluctuating global cues, and robust corporate results were the factors that drove the market last week. Amid inflation worries, Fed meeting minutes signalled a plausible slowdown in bond buying “at some point”, a shift in policy in the future, which will have an implication on EMs. However, that does not seem a near term concern.