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Dalal Street to see range-bound trading

Stock market is expected to remain in a narrow range this week.

Written by Agencies | New Delhi |
September 5, 2010 3:02:14 pm

Stock market is expected to remain in a narrow range this week and will look towards global peers for direction in absence of positive cues and fresh triggers,analysts said.

“At this moment,most of the positive factors have also been factored in into markets movement. Only fresh triggers can drive the market upward from here,which seem lacking at present,” domestic brokerage house ICICI Direct said in a note.

According to Geojit BNP Paribas Financial Research Head Alex Mathews “Outlook looks better from domestic perspective,but cues from overseas will have an impact on our markets in the coming week.”

Historically,September has been a volatile month and a trend generally emerges for the market.

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