NEW DELHI: The domestic equity market witnessed some rough weather in the November series, which saw the benchmark indices lose over 7 per cent. The first half of December 2016 is likely to keep the market participants on the edge. Looking at the options setup for the December series, consolidation is likely to resume. "Going ahead, we believe volatility is likely to remain elevated as there are a number of risk-off events. During congressional testimony earlier in the month of November, Fed Chair Janet Yellen strongly suggested a rate hike was likely next month, giving markets a clear signal.

Source: Economic Times November 29, 2016 04:52 UTC