Key Points
Led by the downside in private bank stocks, Nifty slipped 0.33% lower and broadly consolidated in the 21,60022,000 range during the week..
Going ahead, analysts expect the consolidation to continue in the Nifty and banking holds the key for the next directional move as other key sectors have done their part...
There is lack of conviction due to pessimism over delay in rate cuts by the US Fed as persisting global tension and its likely impact on inflation going ahead is holding back central banks from initiating rate cuts, said Prashanth Tapse of Mehta Equities...
Traders should continue with a stock-specific approach and prefer a hedged approach," Ajit Mishra of Religare Broking said.. Key factors that may dictate Nifty mood in the week ahead:..
The last batch of Q3 earnings can lead to stock-specific movements this week in stocks like Coal India, HAL, SAIL, Samvardhana Motherson, Mazagon Dock, Hindalco, Eicher Motors, IRCTC, BHEL, M&M, Gland Pharma and Muthoot Finance...
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