The domestic equity market witnessed historic low volatility on the eve of the Budget week. The US Fed is expected to again increase interest rates by 0.75 per cent this year. Back home the biggest bank, SBI has increased interest rates on bulk deposits by 40 to 150 bps, this is the biggest worry.What was the need to increase interest rate? However, an increase in volumes in a falling market indicates genuine delivery-based selling in the market. Sit on cash currently.Nifty50 closed the week at 10,760, down 1.23 per cent from previous week.

Source: Economic Times February 03, 2018 06:48 UTC