Global cues and activity in the primary market will be in the spotlight on Dalal Street in the week starting December 20, after central banks began to tighten their ultra loose monetary policies. Foreign fund flow and newsflow related to the Omicron variant of COVID-19 will also be in focus.
Last week, the Sensex and Nifty50 tanked three percent each following two back-to-back weekly gains, dragged by losses across most sectors especially financial stocks. The midcap and smallcap barometers tanked around four percent each.
Investors globally will track American and British GDP data closely for more clarity on the world economy’s resilience against the pandemic, at a time when the Omicron variant is fuelling fear in the financial markets once again.
“Participants are keeping a close watch on the COVID-19 situation due to the new variant and related updates will continue to induce volatility in the days to come…The announcement of…