After a fall for three successive weeks, the stock markets are likely to witness a relief rally in the coming week on the back of normalcy in Egypt and a correcting trend in global crude oil prices.
The Bombay Stock Exchange bellwether has plummeted by 6.72 per cent or 1,278.92 points in the last three weeks on the macro concerns, including inflation and an 18-day long crisis in Egypt.
But analysts feel military rule after the exit of embattled Egyptian President Hosni Mubarak late on Friday is likely to lift the sentiment on the street.
"The start of the coming week should be on a positive note with the end of the crisis in Egypt. Besides, the market is in oversold zone and all the negative news have been discounted by the investors," Geojit BNP Paribas Financial Services Research Head Alex Mathews said.
source Indian stock mkt all set to rise next week
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