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Below perspective by Mr. Jaykrishna Gandhi, Head - Business Development, Institutional Equities, Emkay Global Financial Services on markets.

“The equity markets continued to remain volatile throughout the week, mainly influenced by factors arising from the US and Europe, essentially on speculations regarding the timing of the Fed rate cut. Weekly data often give varied indications moving from positive to negative, and this causes some unrest in the minds of the market participants. In the domestic markets too there is an extreme eagerness to know the outcome of the general elections, and this emanates from the need to know the possibility of continuity of policies. Certainty regarding this would help the markets to sail more smoothly, and it will have to wait till the first week of June. The current trend of swings on the index levels is likely to continue in the coming weeks too, though there is quite a bit of consternation from the high valuations obtaining at this time.”

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