In view of trend in global markets, macro-economic data, investment by Foreign Investors and domestic institutional investors, the movement of rupee against the dollar and crude oil price movement will read out trend on the Exchanges in week ahead. Volatility may remain high ahead of expiry of near month Future and Option contracts.
The market may carry on volatile since traders rollover positions in the Futures and Options (F&O) segment from the near month March 2017 series to April 2017 series. The near month March 2017 derivatives contract will expire on Thursday, 30 March 2017.
State-run oil marketing companies and auto stocks will be in focus because PSU oil marketing companies will undertake fuel price revision during the next weekend. Auto companies will begin reporting sales volume data for March 2017, starting from Saturday, 1 April 2017, thereby Auto stocks will be in focus in the week ahead. Aviation stocks will be in focus as PSU OMCs will modify jet fuel prices by next weekend.