Stock Markets on Monday - Brace up for BIG action! US Markets, Cash stocks, Kotak Bank, Axis Bank results are key TRIGGERS - Important Nifty, Bank Nifty Levels HERE
Market Guru Anil Singhvi said that the trends are likely to be positive when the markets reopen on Monday. The street is expecting strong results from banks. Kotak Mahindra Bank and Axis Bank will be announcing their quarterly results on Monday. The results from market heavyweights will provide support to the markets, he said
Despite mixed signals from the global markets, the Indian stock markets ended on a high on Friday, the last trading day of the week. The markets were supported by some short covering and some buying activity. The markets opened with strength and slipped on the intraday basis only to recover later. Nifty almost touched 15,900 levels while the Bank Nifty breached the 35,000 level. Zee Business Managing Editor Anil Singhvi called this a good closing on the last day of the week.
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Watch Full Report HereMoreover, there will be a monthly expiry in the futures and options markets (F&O), Singhvi said.
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