Market View: 26-30 SEP 2016

Filed in Market Update by on September 26, 2016
Week 26-30 Sep 2016
View Last week the markets closed at 8831.5 registering a gain of 0.6% over previous week. The NIFTY continued its consolidation. These phases are very important for the markets because they bring back the right valuations and make investments attractive. The consolidation can end anytime taking NIFTY to 9100 as we definitely do not have a liquidity crunch. We have the RBI meet starting October where a rate cut is expected. The earnings season is also not very far. So overall we do have a few events to take direction from. We expect sideways movement this week as well with little volatility prevailing on account of September derivative expiry. Till the time we are in consolidation, we can expect stock specific movements. Expect a low profile week. All the best!

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