Dec 23, 2013, 04.23 PM IST
The market will remain choppy going ahead due to lack of trigger, feel experts. According to them, the next trigger will be third quarter earnings, which will kick-off in second week of January.
Tags BSE Sensex, Nifty, Market, Christmas
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Sensex closes flat; midcap & smallcap outperform, up 1.2%
The market will remain choppy going ahead due to lack of trigger, feel experts. According to them, the next trigger will be third quarter earnings, which will kick-off in second week of January.
Like this story, share it with millions of investors on M3
Sensex closes flat; midcap & smallcap outperform, up 1.2%
The market will remain choppy going ahead due to lack of trigger, feel experts. According to them, the next trigger will be third quarter earnings, which will kick-off in second week of January.
16:17
Moneycontrol BureauAfter Friday's 371-point rally on the Sensex, equity benchmarks saw consolidation on Monday as there is no trigger in near term. However, broader markets rallied smartly.
It was a flat closing for the market amid thin volumes as investors are eyeing a Christmas holiday. The volatility was also on account of December series expiry that will be on Thursday.
The Sensex rose 21.31 points to close at 21,101.03, and the Nifty advanced 10.25 points to 6,284.50 while the BSE Midcap and Smallcap indices jumped 1.2 percent each. Advancing shares outnumbered declining ones by a ratio of 1581 to 911 on the BSE.
The market will remain choppy going ahead due to lack of trigger, feel experts. According to them, the next trigger will be third quarter earnings, which will kick-off in second week of January.
"It is a choppy market. So the suggestion is that even for tomorrow we should leave the Nifty be. Let it decide the next course of action and focus only on individual stock plans," Sudarshan Sukhani of s2analytics.com said.
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