Sudip Bandopadhyay says there are few factors that we need to watch for like US jobs report and any follow-up Federal Reserve rate action and domestic advance tax payments. Although the market may not gain as much, it could end March in the 7600-7650 range, he feels.
Spot gold eased 0.5 percent to USD 1,274.43 an ounce by 0044 GMT. The metal fell 1.6 percent in the previous two sessions, after hitting a five-month high of USD 1,306.20 on Thursday.
Crude slides on lackluster data, profit taking
Furthermore, George Hoguet of State Street Global Advisors says he is constructive on US equities in 2014 as he expects US companies‘ earnings to grow at 8 percent.
Retail investors took profits in July on fears about the Federal Reserve's exit plan from its monster monetary stimulus, with the group showing the lowest sentiment reading since January, according to data culled from the largest pool of retail traders by TD Ameritrade.
Credit Suisse says Infosys' April-June results were good but consistency in revenue growth is required before investors turn constructive on the stock, and maintains its "neutral" rating on the stock
CNBC-TV18 managing editor Udayan Mukherjee says that the market showed signs of fatigue and the winners of the day were Ashok Leyland and Tata Tele.
In an interview to CNBC-TV18, Hemant Thukral, Aditya Birla Money shared his readings and outlook on the Futures and Options market.
The Nikkei average fell a third straight day, reaching a three-week closing low on Wednesday after the Bank of Japan's (BoJ) easing steps fell short of expectations, triggering profit-taking in shares bought in anticipation of the central bank decision.
Market experts Sudarshan Sukhani of s2analytics.com and Tushar Pradhan, CIO, HSBC AMC suggest investors on CNBC-TV18 to maintain long positions on the bank Nifty and look to buy banks whenever they come down on corrections.
CNBC-TV18, managing editor, Udayan Mukherjee explains The market started off with a gap-up on Friday‘s rally in the US markets and the rally in the European markets over the weekend and closed almost at the day‘s high of around 5,280.
Japan's Nikkei average edged lower on Friday as profit-taking kicked in after it advanced to a two-week high shortly after the opening, with investors keen to lighten recently built positions ahead of the weekend.
Japan's Nikkei stock average edged lower to come off a nine-month high on Wednesday, as profit-taking in bank shares erased earlier gains made on upbeat earnings guidance from Toyota Motor Corp.
After four good days we ran into a little bit of profit taking for the Nifty. Not entirely unexpected and finally closed the day about 15-20 points lower. Some resistance is also kicking in just below the 6200 mark for the Nifty.