Stock Markets on Monday - Expect some fireworks if markets reopen with gap on higher side; watch for ITC, index heavyweights, says analyst
Analyst Sandeep Jain said that the week gone by, was good overall with markets performing very well on certain trading sessions. It was despite the volatility in the markets
The stock markets ended the week almost flat on Friday, albeit in the red snapping a three-day winning streak. Broader market Nifty50 ended almost 5 points lower than the Thursday closing price. Meanwhile, the 30-share BSE Sensex ended at 58,786.67, down by over 20 points.
On the weekly closing basis, the 50-share Nifty50 index gained over 1.8 per cent over the five trading sessions to end above 17,511. Nifty Bank ended at 37,105.65, gaining 2.5 per cent during the week. The small cap and mid cap indices were also clear winners. While the former was up over 4 per cent, the latter settled 3 per cent higher.
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See Full Story HereBuying will come back if the markets open with a gap on Monday on a higher side, Jain said. His advice to investors is to continue buying mid cap and small cap stocks. The market will be keeping an eye on index heavy weights including ITC.
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