Samvat 2076: Markets to remain choppy as slowdown, global sentiment weigh

At the global level, trade war tussle, monetary policy of major central banks and oil prices, analysts feel, are the factors that will dictate market direction

After a gain of 12 per cent in the S&P BSE Sensex and 10 per cent in the Nifty50 indices during Samvat 2075 – the Hindu calendar year – analysts have ruled out a runway market rally in Samvat 2076 on the back of several domestic and global headwinds, which they say, could keep markets volatile through the year.

On the domestic front, health of the economy, fiscal and current deficits, flows – both from foreign and domestic investors -- into equites as an asset class, interest rates, liquidity issues, policy initiatives by the government and modest growth in corporate