Gearing Up For Final Week of FY23: Market Mood and Domestic Triggers

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Gearing Up For Final Week of FY23: Market Mood and Domestic Triggers
Credit: © Reuters.

By Malvika Gurung -- The last week of the current financial year 2022-23 will begin on March 27, 2023, and house multiple global economic as well as market-related events that will induce volatility in the Indian markets.

Major indices on Dalal Street ended the previous week with losses, as benchmarks shed nearly 1% each, led by the global banking crisis and rate hikes by major central banks. Benchmarks Nifty50 declined 0.77% on Friday to 16,945.05 points and Sensex lost 398.18 points or 0.69%.

Read Also: D-Street Recap: STT Hike for F&O, Banking Crisis, Fed Policy, Benchmarks

The new week will observe a holiday on account of Ram Navami on Thursday, March 30.

Experts believe that the holiday-curtailed week is expected to witness volatility and range bound trade with investors and traders focusing mainly on global banking developments, and shall look at global markets for directions in the absence of any major drivers or triggers in the domestic market.

The last week of FY23 will witness the monthly derivatives series expiry for March on Wednesday, as the domestic market will remain closed on Thursday. The F&O contract expiry is likely to induce some volatility on the domestic front.

In a note provided to, Vinod Nair, Head of Research at Geojit Financial Services, cited that the volatility in the market is expected to continue in the short term as the global banking system is yet to fully recover from the crisis, especially in Europe.

Read Also: Nifty Weekly Review and Outlook, Key Levels

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  • Kaustav Majumdar @Kaustav Majumdar
    With so many important announcements & events lined up, the coming week will be like walking on egg shells. Investors must assess every data point carefully, understand the impact, before jumping in to invest.
    Like 5

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