Mid-day Mood | Sensex, Nifty trade 1% up as bank, tech stocks gain
Indices extend gains and rise over 1% each. However, volatility might be in the cards ahead of the monthly derivatives expiry.
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Indices extend gains and rise over 1% each. However, volatility might be in the cards ahead of the monthly derivatives expiry.
Investors await the US initial jobless claims data and consumer sentiment data due to be released on March 28.
Analysts expect benchmark indices to see some consolidation during this truncated week with slight volatility because of monthly expiry of derivatives contract also due on March 28.
In the absence of any significant selling pressure, market experts observed bullish sentiment intact, which could take markets at new life-time highs in the near-term
Indices extended losses weighed by financial services, IT, and automobile stocks. Iinvestors also turned cautious ahead of domestic and US inflation reports due on March 12.