Market outlook by Teena Virmani, Vice President - Research at Kotak Securities Ltd.

"Volatility is likely to remain in next week too. In the near term, markets would continue to focus on the outcome of assembly polls in Karnataka along with oil prices, yield movement, rupee depreciation. Also, by May 12, U.S. President Donald Trump will decide whether to restore U.S. sanctions on Tehran. If imposed, it would likely result in a reduction of Iran's oil exports, thereby further lifting Brent prices.

For medium to long term, focus would also remain on state elections in H2CY18 amidst earnings recovery, fiscal deficit, interest rate movement as well as demand revival ahead of general elections scheduled in May, 2019".

Source : Equity Bulls

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