Stock market this week: After a long weekend, Indian stock markets witnessed a considerable volatility last week wherein it initially corrected post a gap down opening and NSE Nifty almost tested 16,800 levels. It recovered from that level during mid-week and surpassed 17,400 mark but it was not over yet as it gave up some of the gains on the last trading session and ended below 17,200 with a weekly loss of 1.74 per cent. On Friday, Indian stocks snapped a two-day winning streak on April 22, impacted by the hint by Fed Chair Powell about an imminent rate hike of 50 bps in June.
So, when re-opens on Monday; global cues, F&O expiry, Q4 earnings, etc. are expected to dominate stock market this week. Here we list out top 5 triggers for Indian stocks this week that traders and investors need to watch out for:
1] Reliance share price movement: The Reliance Industries Limited (RIL) has called off