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Journalism of Courage
After undergoing dull trading session in the Christmas week,Dalal Street is likely to remain range-bound in the last week of the year with dearth of fresh buying by the FIIs and retail investors,feel experts.
In a lacklustre trade last week,the Bombay Stock Exchange benchmark Sensex witnessed a surge of nearly 209 points or 1.05 per cent to close at 20,073.66.
Market observers feel that the pattern for the remaining trading sessions of December may not deviate from what one has seen in the past few days as there is lack of hot money in the street.
“Holiday mood has set in the market which is why the Dalal Street is likely to see range-bound trading and will see a significant movement only after the FIIs will get fresh allocations in the new year,” Ashika Stock Brokers research head Paras Bothra said.
