Stocks may see volatile trading this week amid derivatives expiry and are likely to remain sideways as investors may stay light as the year comes to an end, say experts.
“Markets are expected to remain volatile as traders roll over derivative positions on Thursday. Activities usually dry up across global markets around the New Year, but due to derivatives expiry, traders will continue to see significant move on the local front,” said Vijay Singhania, Founder-Director, Trade Smart Online.
“Volumes will get pretty light at this time of year as most institutional investors are off on an annual vacation. Rupee-dollar movement and international crude oil price will dictate trend on the bourses in the week ahead,” Singhania added.
The F&O expiry of the December series, scheduled for December 31, is expected to push up volatility on the domestic front.
In the holiday-shortened previous week, the BSE benchmark Sensex rose 319.49 points to end at 25,838.71.