Monday, 27 February 2017

Sensex Rangebound; Nifty Bank Under Pressure, Axis Drags

The market is witnessing strong inflows from domestic as well as foreign investors and will continue to trend higher, Gautam Trivedi, MD and CEO of Religare Capital, said.

"Inflows have been so strong that the earnings have taken a backseat when it comes to deciding the movement in the market."

The market is likely to correct if BJP loses state elections in Uttar Pradesh, he said, adding that the quantum of any such correction will depend on the nature of the loss. Nevertheless, even such a correction should be bought into, he said.

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