The market is expected to remain range-bound and stock/sector specific after such a massive rally, say analysts
We expect the market to remain largely range-bound this year. We believe market is expensive trading at 20 times March 2025 price to earnings ratio, which is higher than most other emerging markets. Gupta said. (Representational Image: Twitter)
Mumbai: The market after surging to fresh highs couldn't sustain the gains and saw profit taking with high intraday volatility. Sensex and Nifty-50 closed flat after setting new all time high of 58553.07 and 17436.50, respectively.
The market is expected to remain range-bound and stock/sector specific after such a massive rally, say analysts.
Volatility was higher on Tuesday due to mixed global cues as Saudi Arabia's sharp cut in crude contract prices for Asia sparked fears of slower demand, but strong Chinese export data for August and upward revision in Eurozone GDP capped losses.
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