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Stock markets may face volatility in a holiday-shortened week ahead amid monthly derivatives expiry, besides global factors and foreign fund trading activity would continue to dictate terms, analysts said. Factors such as movement of global oil benchmark Brent crude and the rupee would also guide the trend in equities. Markets would remain closed on Thursday for Ram Navami. "While volatility may increase locally before the March Futures and Options (F&O) expiry, the position of major international banks will continue to play a significant role in the direction of the market globally. "The market will also keep an eye on the geopolitical situation because there is still tension between Russia and Ukraine and there is also some tension developing between the US and Syria. But, the market is not paying much attention to this. Due to FIIs' aggressive selling in recent months, the institutional flow will also be crucial," said Santosh Meena, Head of Research, Swastika Investmart ...
The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities. Barring Hindustan Unilever Limited (HUL), Bajaj Finance and ITC, others in the top-10 club suffered erosion in their market valuation. The valuation of Reliance Industries tumbled by Rs 40,558.31 crore to reach Rs 16,50,307.10 crore. HDFC Bank's market capitalisation (mcap) declined by Rs 25,544.89 crore to Rs 8,05,694.57 crore. The valuation of Adani Transmission eroded by Rs 24,630.08 crore to Rs 4,31,662.20 crore and that of ICICI Bank fell by Rs 18,147.49 crore to Rs 6,14,962.99 crore. State Bank of India's mcap diminished by Rs 9,950.94 crore to Rs 4,91,255.25 crore and that of Tata Consultancy Services (TCS) dipped Rs 9,458.65 crore to Rs 10,91,421.84 crore. The mcap of Infosys fell by Rs 5,848.78 crore to stand at Rs ...