Market is likely to extend yesterday's losses on the back of weakness in global markets. Positive development is the quantum of overseas funds flowing in which is likely to restrict the downside from these levels. Markets might remain in a narrow range as Q1 results start pouring in. Infosys will as usual start the earning season today. If there are no major disappointments from the earnings, markets may consolidate and eventually move higher. A stock specific approach may offer better results as indices as a whole may take time to break out of this range.
No comments:
Post a Comment