Markets will react to the US Fed statement, the IMF forecast and the earnings which came post market hours on July 28
With the heightened activity in the IPO space, there could be some more subdued action in the secondary markets going forward
Zomato is not a buy at these levels, there is a room for more correction and there are better opportunities for investors
Overseas, Asian stocks traded lower on Wednesday, with stocks in Hong Kong struggling to recover from a two-day rout.
The market was down mainly due to consistent and aggressive selling from FIIs in the Asian markets
The domestic equity barometers ended a volatile session with modest losses on Monday.
Shares of index heavyweights RIL, ITC and ICICI Bank will react to their results.
With international markets supporting the move we could see Nifty showing some positive moves on a break above 15950
Unless Nifty sustains above 15,600 on a closing basis the short-term, trend remains strong and intact
Factors like earnings, volatility and cost of money are key to determine the way markets will move going forward, says Naveen Kulkarni