The benchmark Nifty was consolidating in a narrow range of 5200-5250 at 10:39 hours, after a sharp cut seen since previous two weeks. The index shed more than 500 points in last two weeks. However, the broader indices managed to claw back with modest gain.
Nifty in narrow range; oil & gas, TECk slip - Moneycontrol.com
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Deven Choksey , managing director of KR Choksey Shares & Securities said the markets may be headed to a state of capitulation. However, he added that in this kind of a market one should look forward to more opportunities on the buying side. “I think one will have to play cautiously at the same time,” he felt. Stocks, which led the fall yesterday, continued in today's trade as well. Oil & gas, telecom, technology, metal, FMCG, cement and select power companies' shares were keeping the markets under pressure with moderate loss.Nifty in narrow range; oil & gas, TECk slip - Moneycontrol.com
