www.rupeedesk.in
Trade in domestic equities may remain volatile next week, as traders would roll over their
positions to the April series due to expiry of March futures contract on Thursday. Also,
investors will eye Cyprus parliament's vote on an alternative plan to restructure its
banking sector yesterday after the earlier proposal of taxing bank deposits was rejected.
Cyprus would need to finalise an agreement by Monday to ensure it gets a bailout
infusion of $10 bln from European Union. According to media reports, Cyprus is in final
stages of talks with International Monetary Fund, the European Central Bank, and the
European Commission.
Back home, next week is shorter than usual due to two holidays, as the stock market will
remain closed on Wednesday for Holi and Friday for Good Friday. Technical indicators
suggest that the overall bias remains weak for indices.
