Market Outlook : Coming Days

The market may remain volatile in the next few days ahead of the expiry of April 2009 derivatives contracts on Wednesday, 29 April 2009. The expiry of the near-month derivatives contracts has been advanced by a day as the stock market remains closed on Thursday, 30 April 2009 on account of voting for the parliamentary elections
in Mumbai on that day. Rollover of Nifty positions from April 2009 series to May 2009 series stood at 29%, as on Thursday, 23 April 2009. 

Political uncertainty, with polling underway for India's 15th Lok Sabha, may cause wild swings on the bourses in the next few weeks. The month-long parliamentary elections that began on 16 April 2009 will conclude on 13 May 2009 with results due on 16 May 2009. Poll estimates point to a fractured mandate.