Post witnessing record low levels in the second half of fiscal 2016 (H2 2015-16), international prices of aluminium, copper and zinc have strengthened in the current fiscal, it added.
The only expected trigger is the open market operations (OMO) that the Reserve Bank of India will conduct soon. Till then Amandeep Chopra, Fixed Income Head at UTI Mutual Fund expects markets to remain range-bound.
Sensex EPS should go down from current levels in FY14. FY12 saw the Sensex EPS being downgraded nearly 9-9.5 percent over FY11. FY13 was where the EPS was downgraded just about 1 percent from the beginning of the year and this year already there has been a 10 percent drop.
The market on Monday is expected to react to the first quarter results of BSE Sensex major Reliance Industries that were declared on late Friday.
Market will be range bound for now and much upside or downside cannot be expected, says Amit Dalal of Tata Investment Corporation in an interview to CNBC-TV18.
Talking to CNBC-TV18, Anand Tandon, CEO, JRG Securities says the market is range bound, and as there are no obvious domestic or international triggers, there is no reason why there would be a significant rally. He says there is no reason Infosys should cut its FY14 revenue guidance of 6-10 percent.
Investors should mostly be on the short side for the July series. Nifty may find resistance at 5750-5800 levels, Siddharth Bhamre of Angel Broking told CNBC-TV18
Jefferies says fundamentals for India's banking sector are unlikely to change much given "tepid" loan and deposit growth, "range-bound" net interest margins and "weak" asset quality.
CNBC-TV18's managing editor Udayan Mukherjee explains that today the market was range-bound very much like yesterday. The only difference was that the market had a positive bias throughout the trade, circling over the 5,150 mark in trade.
CNBC-TV18's managing editor Udayan Mukherjee explains that the market today was a quiet and range-bound session like yesterday due to the lack of hype surrounding the EU summit tomorrow
Going into today’s trades, the situation seems edgy and the market will probably have a quiet start, says Udayan Mukherjee, managing editor, CNBC-TV18.
Yesterday’s trade saw gold futures shoot up while copper trade range-bound. Here is what experts have to say about the two commodities.
Naresh Kothari, President of Edelweiss Capital in an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, says the market may not see momentum building on either side. It is expected to remain range-bound for the long-term.
UR Bhatt of Dalton Capital Advisors says that the positive inflow from FIIS has lent confidence that the aggressive selling could finally be over. But market is likely to remain range-bound, he says.