The price action during the course of the week is very bullish and traders should be prepared for a firm rally over next 6-8 weeks
The Sensex ended 471.01 points or 0.96% lower at 48690.80, while the Nifty dropped 154.30 points or 1.04% at 14696.50
Market is expected to remain range-bound in the coming truncated week
Any drop at 14,500 would mean a buying opportunity in markets, say experts
Timely intervention by RBI has provided relief to market participants amid the prevailing uncertainty
All the sectoral indices ended in the green with PSU bank and metal indices rising over 2% each, while BSE Midcap and Smallcap indices added 1% each
A healthy management commentary by ICICI Bank, post its March quarter results, fuelled rally across the financial sector
For the next few weeks, the market trend would depend on the long-term bond yield trend, which should be on the watch list, say experts
Rising US bond yields, and fears of Covid-19-led lockdown lead to market plunge
Market experts believe the Nifty is in a convincing buy mode and the rally can be extended further. For traders, they advise avoiding short selling in