Last week, the 30-share BSE benchmark fell by 1,144.8 points or 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20.
Anticipations surrounding the upcoming budget may drive stock and sector-specific movements. Globally, attention will be directed towards Japan's monetary policy and the US economic data, with a continued watch on geopolitical developments," Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
The past week witnessed continued volatility in the market, characterized by Nifty and Sensex ending with a substantial decline of over 1 per cent, exacerbated by Bank Nifty's notable underperformance, primarily attributed to a significant drop in HDFC Bank's shares post earnings, Meena said.
The aggressive selling by Foreign Institutional Investors (FIIs) following HDFC Bank's results added further pressure to the overall market, he added. Read more:
