Heading into next week, Indian markets face a rougher road. Stocks are expected to see-saw in anticipation of weak fourth-quarter GDP figure, to be announced on Friday.
But this is likely to be uninspiring. A lack of triggers is evident as the market has been moving sideways for the last few weeks.
The risk appears to be skewed on the downside as covid-19 related stress has been evident in many corporate results announced so far.
While the third-quarter GDP grew 4.7%, the Q4 figure is likely to have contracted as manufacturing and export activity shrunk in March.