Market seen consolidation; FII sells Rs 5781.98 cr. equity:-
Equity benchmarks have been oscillating within last two weeks’ broad range of 10600-10300, indicating consolidation after the recent sharp decline of 8%.
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| Capitalstars financial research |
Going forward, we expect the market to consolidate and form a good base in the range of 10300–10600. However, we believe this consolidation will make markets healthier and offer an incremental buying opportunity, said Dharmesh Shah of ICICIDirect.com Research.
Indian indices seen a consolidation for the week ended February 23 amid no major cues from domestic as well as international markets.
The index rebounded from the oversold territory and is under the process of forming base near the lower band of broader consolidation range around 10300.
The index rebounded from the oversold territory and is under the process of forming base near the lower band of broader consolidation range around 10300.
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www.capitalstars.com |T:+91-9977499927
www.capitalstars.com |T:+91-9977499927
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