Stock market to turn choppy this week: Analysts

Monday, 25 April 2011, 15:40 IST
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New Delhi: Stock market is likely to turn volatile this week amid derivatives (F&O) expiry and not-up- to-the-mark quarterly results by Reliance Industries, even as it awaits quarterly results of various companies, including India's third largest IT exporter Wipro. "Markets may turn volatile in the coming days amid F&O expiry (on Thursday). Traders and investors would also look forward to results to be announced by the Corporate Inc," IIFL Head of Research (India Private Clients) Amar Ambani said. Wipro is likely to announce its quarterly results on April 27. The Bombay Stock Exchange 30-share index Sensex rose by 1.11 per cent to settle at 19,602.23 points last week on disappointing quarterly income posted by industry heavy weights Reliance Industries and Indian IT giant TCS.
Source: PTI