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Markets are heading into choppier weather as financials begin to bite

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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.

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