Market to take cue from global markets, say experts

Sep 05, 2017 04:35 PM IST | Source: CNBC-TV18

The market reversed yesterday’s losses and posted gains. Nifty was back above 9950 mark and BSE Sensex gained 107.30 points at 31,809.55. The midcaps outperformed and the index surged over 1 percent and the market breadth was in favour of advance at 2:1.

Ashwani Gujral of  said the Nifty and Bank Nifty have consolidated in a narrow range, so whatever reaction comes from the US market close, we are likely to follow that. If reaction is positive then our market may open gap up tomorrow and Nifty may cross 10,000 for some time.

Market Expert Anand Tandon said if global markets are up then our market may also follow that direction.  S P Tulsian of, Mitessh Thakkar and Sanjiv Bhasin, Executive VP-Markets & Corporate Affairs, IIFL shared their stock specific views.

For the entire discussion, watch video

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