Pre-holiday mood in the stock markets ahead of Christmas and New Year will see the street witnessing a range bound volatility in the second last week of the year,with dearth of fresh buying and profit-booking by the FIIs,feel analysts.
On positive indications,the Bombay Stock Exchange bellwether Sensex surged 1.82 per cent or 356 points to close at 19,864.85 last week.
This was due to the November headline inflation dipping to 11-month low at 7.48 per cent and the Reserve Bank refraining from hike in key interest rates and infusing liquidity in the system.
But the experts opine that the market will see a lacklustre trade next week as the investors would prefer remaining sidelines towards the end of the year.