Indian Equities Expected to Trade in Range Amid Volatility
The Indian equity market experienced another week of volatility, with the Nifty 50 falling by 0.31% and the BSE Sensex declining by 0.36%. Despite this, the broader markets continued to perform well, with the Nifty Midcap 100 and Smallcap 100 indices rising by around half a percent.
The market's performance was influenced by various factors, including Brent crude oil prices cooling down to $88 per barrel, easing concerns over imported inflation. The US sanctions on Iran also failed to meet market expectations, leading to a sharp decline in crude prices.
Looking ahead to the next week, Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services, expects trading to remain range-bound and cautious due to a lacklustre environment, mixed global cues, and persistent geopolitical tensions.