The rally, which we saw in the financial year, was largely led by strong global and domestic liquidity while lingering concerns over earnings revival as well as demonetisation still remain. Hence, investors need to be cautious and use dips to get into quality stocks.
The tone of the Federal Reserve chief Janet Yellen last week indicated the US central bank is likely to 'let the economy run for a while' and a rate hike is likely only later this year, says Geoffrey Dennis of UBS.
US crude prices bounced away from 12-year lows early on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist.
Chandan Taparia of Anand Rathi Securities believes the market trend is weak given that Nifty broke its 7996 support level.
With the global turmoil continuing to enveloped equities, all eyes are on what the US Federal Reserve will do at its monetary policy meeting two weeks away, says Mehraboon Irani of Nirmal Bang Securities.
Top PSU banks were up close to 10 percent today. But analysts have dismissed it as a one-off move.
In an interview with CNBC-TV18, Kunal Bothra of LKP Securities said the market has retraced more than half of its losses when it declined from 8,800 to sub 8,000 during the recent correction.
In an interview with CNBC-TV18, market expert Ambareesh Baliga, Angel Broking‘s Mayuresh Joshi and technical analyst Sudarshan Sukhani spoke about their outlook on the market, sectors and stocks.
In an interview to CNBC-TV18, Sandeep Shenoy of Pioneer Investcorp shares his views on the market momentum.
Ambareesh Baliga, managing partner-Global Wealth Management, Edelweiss Financial Servicessays the market bounce back will not last long and expects the Nifty to see an upside of 5500-5550.