The 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 on Friday. The NSE Nifty also declined 172.35 points or 0.76 per cent to 22,475.85.
Nifty ended higher last week with banking sector influence. Positive sectors, except IT. Rising VIX hints at volatility. FPI flows, US bond yields, Indian economy critical. Technical analysis, IPO calendar impact sentiment.
The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said.
Markets would also take cues from trading activity of foreign investors, rupee-dollar trend and movement of global oil benchmark Brent crude. Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Eicher Motors and Tata Motors are some of the big names in the list and the next phase of voting, said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.
SEBI s move to reduce the face value of debt securities from ₹1 lakh to ₹10,000 has made bonds more accessible to retail investors, potentially increasing their involvement in the corporate bond market and improving liquidity.