Stocks may see volatile trading this week amid derivatives expiry and are likely to remain sideways as investors may stay light as the year comes to an end, say experts.
Stocks may see volatile trading this week amid derivatives expiry and are likely to remain sideways as investors may stay light as the year comes to an end, say experts. “Markets are expected to remain volatile as traders roll over derivative positions on Thursday. Activities usually dry up across global markets around the New Year, but due to derivatives expiry, traders will continue to see significant move on the local front,” said Vijay Singhania, Founder-Director, Trade Smart Online.
“Volumes will get pretty light at this time of year as most institutional investors are off on an annual vacation. Rupee-dollar movement and international crude oil price will dictate trend on the bourses in the week ahead,” Singhania added. The F&O expiry of the December series, scheduled for December 31, is expected to push up volatility on the domestic front.
“Macroeconomic data, trend in global markets, movement of the rupee against the dollar and crude oil price will dictate trend of the market in the near term on the back of reduced risks over global liquidity and correction in commodity prices to decade lows,” said Vivek Gupta, CMT Director Research, CapitalVia Global Research Limited. Jimeet Modi, CEO, SAMCO Securities, said: “Market is now looking forward to cues to move ahead. However, as the year is heading towards December 31, people are in no mood to commit.
Geojit BNP stock price
On December 24, 2015, Geojit BNP Paribas Financial Services closed at Rs 40.75, down Rs 0.25, or 0.61 percent. The 52-week high of the share was Rs 62.00 and the 52-week low was Rs 34.50.
The company’s trailing 12-month (TTM) EPS was at Rs 2.19 per share as per the quarter ended September 2015. The stock’s price-to-earnings (P/E) ratio was 18.61. The latest book value of the company is Rs 14.53 per share. At current value, the price-to-book value of the company is 2.80.