At 12:54 hours IST - equity benchmarks were consolidating at around yesterday's closing values after seeing rally in previous four sessions. The Nifty was trading in a narrow range of 6125-6160, with a negative bias. Financial, telecom, capital goods, realty and auto companies' shares were on sellers' radar along with Hindalco, ONGC, TCS and Tata Steel.
The 30-share BSE Sensex was trading at 20,499, with loss of 61 points and the 50-share NSE Nifty declined 15 points to 6,142. Experts are bullish on Indian markets, even though the year kick-started with tepid volumes and just about a modest price appreciation. Kalpana Morparia, CEO, JP Morgan is expecting the Sensex to be at 24,000 by the year-end. She said,Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
