For Quick Alerts
For Daily Alerts

    Markets May Trade In A Range Next Week


    Indian markets are expected to trade in a range next week, even as markets exhibited volatility this week.

    The initial few days, especially Monday saw a sharp sell-off after lingering worries over trade tensions. In fact, the market did attempt a recovery in the next few days, however, it did end the week lower.

    Markets May Trade In A Range Next Week
    Going ahead, the markets are going to trade choppy, as it will remain an expiry week, though any substantial gains or losses are ruled out.

    It is advised that investors stay away from small caps, as these are going to be more choppy, as we head into elections next year. It is likely that investors attention would shifty to the safe large cap names, as these would drive the markets.

    For the last few weeks, most investors seem to be taking shelter in names like HDFC Bank and Reliance Industries and that trend is likely to continue. The small cap index continued to take a pounding and several names which are a trader favorite like PC Jeweller, Rcom etc., saw sharp corrections.

    Stocks like Avanti Feeds and Apex Frozen Foods, which cater to the shrimp sector, were among the few stocks that saw huge damage to their prices.

    Shares in Manpasand Beverages, after hitting lower circuit filters for many days in a row, gained on Friday and Saturday, after the management said that it would declare results on June 27, 2018.

    Shares in IDBI Bank gained ground after reports that LIC would take a major stake in the bank. 

    Indian markets are expected to trade in a range for the coming days, tracking global cues. All eyes would be in the F&O expiry later on Thursday, which is also the last day of expiry for the F&O segment.

    Furher trade barriers imposed by US President Donald Trump and a sharp rally in crude oil, could pull indices down on Monday.

    Story first published: Saturday, June 23, 2018, 8:54 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more