Anand Rathi: Possible US rate hike worries traders

Anand Rathi Securities expects volatility in the market to continue during this week, with some consolidation, as the traders are worried about a possible hike in US interest rates once again, when the Federal Reserve meets on 28 June.

If FIIs continue with their selling spree, then it might lead to a free fall once again. FIIs have pulled out Rs 7,354 crore in the month of May alone. Government's decision on oil price hike will decide the buying interest in those counters.