Indian Equities Start On A Mixed Note, With Extreme Volatility Expected
NDTV
Stock Market India: Equity benchmarks were mixed on Monday after crashing in the previous two session.
Indian equity benchmarks were mixed on Monday, as investors bet between expectations that Chinese demand will improve, and continuing worries about a global recession from higher for longer interest rates rhetoric.
The BSE Sensex index fell 15.68 to 61,272.11 in early trade, while the NSE Nifty opened in the green, with investors eyeing a volatile trading session.
Both benchmarks had crashed for the second straight session on Friday driven by concerns about a potential global recession in response to hawkish remarks from major central banks.
"Domestic equities may see a steady positive opening on Monday despite weakness in other Asian market peers. However, the markets may turn volatile intraday if weakness persists in Asian and European indices, as investors have been risk-averse in the wake of the US Fed Chairman delivering a hawkish stance on interest rates last week," said Prashanth Tapse, Senior Vice President for Research at Mehta Equities.
