Indian shares were volatile in morning trading on Monday, mirroring financials, ahead of the Union budget, while select Adani Group stocks arrested the recent slide after a short-seller attack on group companies triggered a sell-off over the previous two sessions.
Twenty-one of the Nifty 50 constituents advanced while 29 declined. Shares of Bajaj FinanceForeign institutional investorsInvestors will also shift focus to India's Union budget on Feb. 1, with the government's fiscal consolidation path and borrowing calendar for fiscal 2024 as triggers.
Besides the Union budget, analysts also said rate decisions by global central banks and January automobile sales data would determine the mood in the market. The U.S. Federal Reserve, European Central Bank and the Bank of England are scheduled to announce their rate decisions, later this week.
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