Index Outlook: The road could get bumpy
Indices are edging higher but indicators signal short-term weakness ahead
The bellwether indices advanced to record highs, triggered by the India Meteorological Department’s forecast of good monsoon. However, profit taking in the Bank Nifty made e investors cautious in the later part of the week.In the midst of volatility, the Nifty 50 advanced 115 points or 1.24 per cent and the Sensex climbed 329 points or 1.1 per cent last week. Ongoing quarterly earnings announcemen...
Read the rest of this article by Signing up for Portfolio.
It's completely free!
SIGN UP NOW
Investment alerts,End of day market reports, Market news analysis,External research reports and Technical calls
Daily update on Business and Market news via email
'Your Market Corner' Widget with personalized business and market news