Udayan Mukherjee of CNBC-TV18 says the market is right now giving the illusion of moving at a great pace but essentially it is marking time and that too with fairly volatile moves on either side.
What a flat day it was yesterday. The Nifty did nothing and closed around 5900. It is a week where most global markets are shut across Asia, so generally the volumes are quite low.
Today was a very quiet day. We started off with a bit of a gap up of 20 points and then the markets just fell into a bit of sideways groove around the 6000 marks.