D-Street to remain volatile: Analysts

Marketmen added that with the government reaffirming its reforms agenda through PSU stake divestment,investors are optimistic that the valuations of their portfolio,which also comprises state-run firms,would increase in the coming days.

8220;The Government is making the right noise in terms of PSU stake divestment. The market would try to move up but will consolidate in the range of 4,900-5,100,8221; Bonanza Portfolio Assistant Vice President Avinash Gupta said.

Traders believe that at present the market is optimistic about the economy driven by growing industrial production data. The country8217;s industrial output rose 9.1 per cent in September 2009.

The bellwether Sensex surged 4.27 per cent to 16,848.83 points past week and the NSE8217;s Nifty ended at 4,998.95 points.

SMC Global Vice-President Rajesh Jain said: 8220;There is ample liquidity in the system8230; At this time cautious,bullish optimism is prevailing in the market.8221;

Till the time the momentum is up,traders should stay invested,he added.