GDP shocker & 7 other factors to decide Sensex, Nifty movement this week
Sensex and Nifty ended the week nearly 1% higher, marking the second consecutive week of advances amid mixed cues. While easing geopolitical tensions, favorable state election results and MSCI rebalancing supported the market, FII selling limited the upside.
“The Indian market is increasingly witnessing severe bouts of volatile trading, as the gyration from positive to negative zones has been very sharp owing to stretched valuation concerns and the lingering selloffs from foreign investors. Despite the recovery, there is no firm trend visible due to lack of fresh positive triggers,” Prashanth Tapse of Mehta Equities said.
Analysts expect the market to continue making a sideways movement for next 6-12 months so that the earnings catch up…
